Can a State file for Bankruptcy?
There’s been plenty of news lately about cities going bankrupt. First there was City Falls and now Harrisburg is headed towards bankruptcy, but these aren’t the only cities in trouble. In 2009 and 2010 alone, there have been 15 municipalities in the U.S. that have filed for bankruptcy. So what happens when these cities and […]
Harrisburg, Pennsylvania Files for Bankruptcy
The economy has seen one of the greatest recessions of our time. Businesses, individuals and even entire cities have decided to file for bankruptcy protection to make it through this difficult time. That’s the reality that Harrisburg, Pennsylvania is now facing, as the city filed for Chapter 9 bankruptcy earlier this month. The City of […]