Economy
The 7 Biggest Cities Ever to File for Bankruptcy
The bankrupt Stockton has some company.
Today, the city of Stockton, California, became the largest city in U.S. history to file for Chapter 11 bankruptcy protection (something we've broken down by the numbers). But though Stockton is the largest city to take this unfortunate route, it's certainly not the first. More than 600 municipalities (including counties) have filed for bankruptcy since Chapter 9 filings first became an option in the 1930s, according to this article from ABC News.
Here are the seven largest cities to file for bankruptcy (sometimes more than once) in recent history: