Going broke: Bankrupt municipalities

POSTED: 8:56 AM PDT July 11, 2012    UPDATED: 7:26 AM PST February 20, 2013 

With the city of Detroit edging closer to bankruptcy, check out these cities that have already gone broke.

Bankrupt Cities - Generic
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In decline for decades now, the city of Detroit is edging closer to becoming the largest U.S. municipality to declare bankruptcy. Check out these other cities that have gone broke in recent months, according to CNBC and The Atlantic Cities.

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