If you thought bankruptcies were limited to people and businesses, think again. Municipal bankruptcies are also included in the categories of bankruptcies. So when a municipality cannot pay its debts, usually they can and do file Chapter 9 bankruptcy. The following is a list of municipalities who have filed bankruptcy
Orange County, California in 1994
Prichard, Alabama in 1999
Moffett, Oklahoma in 2007
Gould, Arkansas in 2008
Vallejo, California in 2008
Westfall Township, Pike County, Pennsylvania in 2009
Washington Park, Illinois in 2009
Prichard, Alabama in 2009
Boise County, Idaho in 2011
For more information on bankruptcy law, please feel free to consult a Houston bankruptcy attorney at the Rashid Law Firm.
