Published On: Jul 11 2012 10:56:08 AM CDTUpdated On: Nov 07 2014 12:45:03 PM CST
A federal judge on Friday approved Detroit's 16-month-long plan to emerge from the largest bankruptcy in U.S. history, WDIV reported. Take a look at all the U.S. cities that have 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:
A Santa Barbara Coffee Shop on a busy corner for more than 20 years is no longer going to be the daily perk for many customers. The Coffee Cat on Anacapa and Anapamu Streets is going to close at the end of this month.
The water release for downstream users from Cachuma Lake to the lower Santa Ynez River is ending early. Water officials say the annual pre set allocation was released quicker than past years and the allotment is moving all the way to Lompoc as scheduled.