With the city of Detroit edging closer to bankruptcy, check out these cities that have already gone broke.
Since 1937, when bankruptcy became an option for municipalities, an estimated 625 government bodies have filed for Chapter 9 protection, according to ABC News. Here are the most recent, and some of the most notable:
Library of Congress
iStock / amete
iStock / LawrenceSawyer
Wisconsin Dept. of Natural Resources
Enrique Castro-Mendivil / Reuters
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