BUSINESS
07/21/2013 09:45 am ET Updated Sep 20, 2013

The Largest Municipal Bankruptcies in U.S. History: 24/7 Wall St.

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On Thursday, the city of Detroit filed for Chapter 9 bankruptcy protection. The total value of the city’s outstanding obligations are estimated at more than $18 billion. This makes the filing easily the largest by a U.S. city in history.

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