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Harrisburg, Pa., files for Chapter 9 bankruptcy
• ReutersThe Harrisburg, Pa., city council passed a resolution on Tuesday night authorizing a Chapter 9 bankruptcy filing, a city official said on Wednesday.
The Pennsylvania state capital faces a $300 million debt crises tied to a project to revamp its incinerator and has been plagued with cash flow problems.
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1 Comments in Response to Harrisburg, Pa., files for Chapter 9 bankruptcy
The bankruptcy means the city will lose state aid, but that is better than the proposed recovery plans, Councilwoman Susan Brown-Wilson said....
http://nationaljournal.com/economy/harrisburg-pa-votes-to-file-for-bankruptcy-20111012
http://www.businessweek.com/news/2011-10-12/harrisburg-pennsylvania-files-for-bankruptcy-lawyer-says.html