AR15.Com Archives
 It Begins: Harrisburg Files For Bankruptcy Protection
Cpatterson  [Team Member]
10/12/2011 9:28:36 AM
http://www.businessweek.com/news/2011-10-12/harrisburg-pennsylvania-files-for-bankruptcy-lawyer-says.html

Oct. 12 (Bloomberg) –– The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a vote by City Council, according to a lawyer for the council.

Mark D. Schwartz, a Bryn Mawr, Pennsylvania-based lawyer and former head of municipal bonds for Prudential Financial Inc.’s mid-Atlantic region, said he filed the documents by fax to a federal bankruptcy court last night. The filing couldn’t be confirmed with the U.S. Bankruptcy Court in Harrisburg.

Paid Advertisement
--
Schlange  [Team Member]
10/12/2011 11:30:17 AM
So does this prevent the state taking over, or just prolong it?
Freelance_Bum  [Team Member]
10/15/2011 9:17:48 PM
Didn't Harrisburg ask for something like 100 million in debt forgiveness?
sweetsourp0rk  [Team Member]
10/15/2011 11:55:32 PM
i thought they built an incinerator recently that was suppose to cost 30 million and ended up costin ovwe 100 million. that pushed them over the line