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News Link • Economy - Economics USA

Pennsylvania's capital seeks bankruptcy attorneys

• Reuters

The City Council of Harrisburg, the cash-poor capital of Pennsylvania, on Friday advertised for attorneys who could advise it on whether to file for bankruptcy or enroll in the state "distressed cities" program.

Democratic City Councilman Brad Koplinski noted in a telephone interview that municipal bankruptcies are quite rare, saying only around 500 have been filed since The Great Depression.

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