Harrisburg, Pennsylvania becomes first US state capital to file for bankruptcy

Thursday, October 13th 2011 - 05:53 UTC

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The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of 300 million dollars and has struggled to pay for services. Read full article

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jakehampton
Since 1980, only 243 small cities have declared bankruptcy protection. Harrisburg PA began filing for bankruptcy protection this week. In court, the mayor of Harrisburg has filed a request that the bankruptcy be declared illegal. The battle over the filing is sure to continue for at least a couple weeks. Source of article: Harrisburg Mayor says bankruptcy filing is not legal .May they overcome this debt crisis as soon as possible.
Oct 18th, 2011 - 06:34 am - Link - Report abuse 0
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