In 2020, an entire city in Alabama filed for bankruptcy and is currently striving for a fresh start, even though it still carries a substantial debt burden.

Fairfield, the city in question, is indebted to former employees, businesses, and government entities for millions of dollars.

After years of financial hardship, the city reached a breaking point in 2020 when it ultimately declared bankruptcy, the Daily Sun reported.

The situation had become so dire that they were even forced to release inmates from jail due to their inability to cover the cost of their meals.

As of February 2015, Fairfield was grappling with severe financial woes, with just $1 million in its coffers and a staggering debt load exceeding $8 million.

Located outside of Birmingham, the town had to implement gas rationing measures as a cost-saving measure and faced significant challenges in meeting payroll obligations for both current and former city employees.

Now, a staggering $28 million in unpaid debts has resulted in former employees and individuals like Colonel Gregory Parker being deprived of their retirement pensions.

Written by staff