HARRISBURG, Pa. — Pennsylvania’s financially distressed capital city is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg’s mayor and top city lawyer said the filing signed by a City Council member was not legal. The petition docketed by U.S. Middle District bankruptcy court Wednesday listed about $458 million in creditors and claims, and said the city faced “imminent jeopardy” from six pending legal actions by creditors related to a debt-saddled trash incinerator. Read full article >>
Harrisburg Seeks Bankruptcy, Citing ‘overwhelming Debt’; Petition Signed By Council Member
Associated Press, Washington Post
Wed, 10/12/2011 - 9:09am
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