Detroit, Michigan, filed for Chapter 9 bankruptcy on 18 July 2013 with an estimated $18 billion or more in debts and liabilities, the largest municipal bankruptcy in U.S. history. The city emerged in December 2014 after a plan that cut pensions and bond debt.
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Detroit, Michigan, filed for Chapter 9 bankruptcy on 18 July 2013 with an estimated $18 billion or more in debts and liabilities, the largest municipal bankruptcy in U.S. history. The city emerged in December 2014 after a plan that cut pensions and bond debt.
The total debt and liabilities of the largest U.S. municipality to file for Chapter 9 bankruptcy.
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Limits Registry. LR-LARGEST-US-MUNICIPAL-BANKRUPTCY. Largest municipal bankruptcy in U.S. history. 2026.