Chapter 9

Nate Berg takes a look at the seven biggest cities to have filed for bankruptcy in the last two decades, the largest of which officially broke the bank as of yesterday.
Jun 28, 2012   The Atlantic Cities
The economic recession is pushing many municipalities towards declaring bankruptcy.
Feb 22, 2010   The Wall Street Journal
<p>The northern California city of Vallejo has declared bankruptcy, becoming one of few cities and the largest in the state to do so. Other struggling cities are watching closely to see if the strategy helps to save the city.</p>
May 13, 2008   The San Francisco Chronicle