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Chapter 9 Bankruptcy

Poster City of Abandonment

Robert Koehler | Posted 05.13.2014 | Detroit
Robert Koehler

It's long been one of the country's designated loser cities, beginning in the 1960s, when change hit it hard. The phrase at the time was "urban blight," a social cancer with unexamined causes that, in the ensuing years, has gotten progressively worse.

Why We All Should Be Watching Detroit Carefully

Madeleine Doubek | Posted 10.06.2013 | Chicago
Madeleine Doubek

Talk of Detroit is all the rage these days, and not because their American League baseball team is far superior to ours. It's the talk because it's the largest U.S. city to have declared bankruptcy and the rest of the nation should be watching to see how that all turns out.

It's Official: Stockton Files For Bankruptcy

Reuters | Posted 08.28.2012 | Business

By Jim Christie SAN FRANCISCO, June 28 (Reuters) - Stockton, California, became the largest city to file for bankruptcy in U.S. histor...

Official In Bankrupt County: State Is 'Kicking The Can'

Reuters | Posted 07.02.2012 | Business

By Verna Gates BIRMINGHAM, Ala., May 2 (Reuters) - Alabama's bankrupt Jefferson County is laying off more government workers as prosp...

John Rudolf

Largest U.S. City Bankruptcy Heading Toward Court | John Rudolf | Posted 02.29.2012 | Business

Stockton, Calif., took a major step toward becoming the largest U.S. city ever to file for bankruptcy with a city council vote to begin a state-mandat...

Local City Facing Bankruptcy: Would Be Biggest City To Declare In American History

Aaron Sankin | Posted 02.23.2012 | San Francisco

The Central Valley city of Stockton of may become the next California municipality to follow in the steps of Vallejo and Orange County and file for ba...