Places that have gone Bankrupt

Atlantic City, The East Coast gambling haven, however, has had more than its fair share of financial troubles — not to mention it was hit by one of the costliest hurricanes in history in 2012.

Cleveland Cleveland had it rough during the Great Recession, but its closest call with bankruptcy happened many years ago.

Providence, R.I. The city enlisted the aid of Public Financial Management Inc. to evaluate the city’s finances.

Oakland The Great Recession was hard on almost every city in the U.S. Oakland didn’t declare bankruptcy, but in 2009, the city faced a $100 million budget deficit.

Richmond Despite a slew of planned cutbacks, Richmond is still in dire financial straits, with some officials believing the city won’t be able to escape filing for bankruptcy.

Desert Hot Springs Desert Hot Springs filed for bankruptcy protection on Dec. 21, 2001, in order to adjust its estimated $8 million debt

Mammoth Lakes A small California resort town, Mammoth Lakes filed for bankruptcy in 2012, but the origins of its woes dated back to 1997.

San Bernardino The declaration of bankruptcy was preceded by a city staff report that said San Bernardino faced an estimated $45 million deficit because of the city’s exhausted reserve funds and future spending obligations.

Stockton Stockton filed for Chapter 9 bankruptcy protection on June 28, 2012, owing a substantial debt to several creditors.

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