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About: Chapter 9, Title 11, United States Code     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:State100024720, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatChapter9Bankruptciesyago:WikicatChaptersOfTheUnitedStatesCodeyago:Abstraction100002137yago:Attribute100024264yago:AuditoryCommunication107109019yago:Bankruptcy114478684yago:Chapter106396142yago:Communication100033020yago:Condition113920429yago:Failure114477877yago:Fortune114473222yago:Music107020895yago:Writing106362953yago:WrittenCommunication106349220organisationyago:Section106392001yago:State100024720 New Facet based on Instances of this Class

Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. 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. The term 'municipality' denotes "a political subdivision or public agency or instrumentality of a State," but does not include a state itself. States are therefore unable to file for bankruptcy, even though they have defaulted in their obligations.