Harrisburg, Pennsylvania files Chapter 9 bankruptcy. Photo courtesy of Pollinator on Wikimedia Commons.
Harrisburg, Pennsylvania has filed Chapter 9 bankruptcy. A firestorm seems to be brewing as the State of Pennsylvania has objected to the bankruptcy filing and apparently there are moves to pass legislation that would strip the city of its power to be a debtor in a Chapter 9 Municipal Bankruptcy.
The documents can be read here:
Docket Report – list of filed documents and case information.
1 Chapter 9 Bankruptcy Petition for Harrisburg, Pennsylvania
