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<blockquote data-quote="texan" data-source="post: 1015387" data-attributes="member: 38206"><p><strong>Last October, Jefferson County, AL declared Chapter 9 bankruptcy. It's home to the state's most </strong></p><p><strong>populous city, Birmingham. Its debt exceeded $4 billion. It was America's largest </strong></p><p><strong>municipal filing in history.</strong></p><p><strong></strong></p><p><strong>In August 2011, Central Falls, RI declared bankruptcy. Located north of Providence, it's the </strong></p><p><strong>state's poorest municipality. In 2010, it entered receivership. Major concessions were made.</strong></p><p><strong></strong></p><p><strong>In March 2011, Boise County, Idaho filed for protection. It did so to buy time to figure out</strong></p><p><strong>how to pay creditors.</strong></p><p><strong></strong></p><p><strong>US Cities Going Bankrupt</strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 1015387, member: 38206"] [B]Last October, Jefferson County, AL declared Chapter 9 bankruptcy. It's home to the state's most populous city, Birmingham. Its debt exceeded $4 billion. It was America's largest municipal filing in history. In August 2011, Central Falls, RI declared bankruptcy. Located north of Providence, it's the state's poorest municipality. In 2010, it entered receivership. Major concessions were made. In March 2011, Boise County, Idaho filed for protection. It did so to buy time to figure out how to pay creditors. US Cities Going Bankrupt [/B] [/QUOTE]
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