The 11 Largest Municipal Bankruptcies in US History

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9. Central Falls, Rhode Island

Much like the previous bankruptcy, Central Falls, Rhode Island found itself drifting farther and farther as revenue shortfalls grew larger and larger. With the threat of the municipality experiencing power outage and disconnection and with no way out after all the cuts they did. They had to file bankruptcy for 19 million in debt last 2011.

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