Mapping Municipal Bankruptcies

Source: Mike Maciag, Governing, July 25, 2012

…But the vast majority of Chapter 9 filings thus far aren’t high profile cases stemming from cities’ financial troubles….A total of 26 municipalities have filed for Chapter 9 bankruptcy protection since 2010, according to federal records. All but six of these were filed by lesser-known taxing entities, such as local utility authorities, hospitals and other special districts….The map below shows all municipalities filing for Chapter 9 bankruptcy protection since 2010, along with the city of San Bernardino, which voted to approve a bankruptcy filing. …

Leave a Reply