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Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
Monthly filing data for personal bankruptcies in the U.S. from 2014 through October of 2024. / Credit: Epiq AACER
On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection. Jefferson County, Alabama , in 2011, and Orange County, California , in 1994, are also notable examples.
A bankruptcy lawyer can assess your financial situation, advise you on the most suitable type of bankruptcy to file (such as Chapter 7 or Chapter 13), prepare and file all necessary paperwork ...
True Value files for bankruptcy after 75 years, filing affects many Michigan locations. Gannett. Eric Lagatta and Dan Basso, Lansing State Journal. October 15, 2024 at 9:47 AM.
The company announced that it would file for Chapter 11 bankruptcy in February 2017. It was ultimately converted to Chapter 7 liquidation. This plan was approved on February 16, and going-out-of-business sales at all 68 remaining stores began immediately thereafter. [5] [6] All stores closed by June 2017.
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