Judge throws out Harrisburg bankruptcy filing

Posted on November 24th, 2011 in News and Commentary

Judge throws out Harrisburg bankruptcy filing

From the FINANCIAL TIMES:

A federal judge on Wednesday threw out the bankruptcy filing of Harrisburg, Pennsylvania, delighting the state and the US municipal bond market but potentially discouraging other US cities from using bankruptcy to solve their financial problems.

Judge Mary France ruled that a group of city council members lacked the appropriate authority when they filed a bankruptcy petition for Harrisburg, the capital of Pennsylvania, last month. The state and Linda Thompson, the mayor, argued that the filing violated state and local laws. The city council group will decide whether to appeal.

The ruling paved the way for the state to take over Harrisburg with the planned appointment of a receiver to oversee efforts to return Harrisburg to financial health…

Click here to read the full article.

Share

Leave a Reply

*

More News

Credo

"....I have never made it a consideration whether the subject was popular or unpopular, but whether it was right or wrong; for that which is right will become popular, and that which is wrong, though by mistake it may obtain the cry or fashion of the day, will soon lose the power of delusion, and sink into disesteem." Thomas Paine, Common Sense, on "Financing the War", March 5, 1782

Categories

Blog Archives

NewsLanc looks back at a decade of service

NewsLanc looks back at a decade of service

NewsLanc looks back at a decade of service

At 77, we cannot be confident that there will be ...

Convention Center Series

Convention Center Series Index

Convention Center Series Index

Chapter 1: Beginnings- Revised Chapter 2: Dream Team- Revised Chapter 3: Helping ...

Honoring those who challenged the Convention Center Project

Earlier this month, NewsLanc published “The $63.6 million convention center ...

Keisling on Pennsylvania Politics Index

Index of the ongoing series by Bill Keisling Six Decades of ...

Lancaster Acquisition of Harrisburg Incinerator

Prospects cloudy for Corbett’s Harrisburg bailout

Prospects cloudy for Corbett’s Harrisburg bailout

by Bill Keisling Corbett Administration officials publicly say the Act 47 ...

Coalition forming to challenge Corbett administration’s Harrisburg bailout plans involving LCSWMA incinerator purchase

by Bill Keisling Citizens dissatisfied with the Corbett administration's plan to ...

Reports that the whole world celebrates Putin’s birthday

By Slava Tsukerman On October 7, 2014 Russian President Vladimir Putin ...

Memoirs

If you live long enough…

If you live long enough…

A great fuss was raised by Republicans during the late ...

The need to ration health care for the elderly, an example

By Robert Field It has been well publicized although largely ignored ...

LGH Series

Doctors Find Barriers to Sharing Digital Medical Records / LNP afraid to investigate?

Doctors Find Barriers to Sharing Digital Medical Records / LNP afraid to investigate?

EDITOR: We challenge the Lancaster Newspapers to write critically concerning ...

F.T.C. Wary of Mergers by Hospitals (Lancaster General take note)

EDITOR: This is what has been going on in ...