After filing for Chapter 9 municipal bankruptcy in October of last year, Harrisburg, PA found itself being denied by the court. Citing the city’s bankruptcy filing was illegal a federal judge dismissed the case, leaving...
In June of this year, Jefferson County, Alabama began talks of filing for bankruptcy. What is expected to be the largest Chapter 9 bankruptcy case in U.S. history has now been approved. County commissioners voted 4-1 to...
Jefferson, Alabama taxpayers are bracing themselves for the effects of their city filing the largest Chapter 9 bankruptcy in history. Jefferson filed for Chapter 9 bankruptcy protection late last month requesting help with...
In the wake of tough economic times, the country, states and cities are all fighting to pay their bills and keep the money flowing into crucial programs. It appears as though there was been an increase in the number of...
It may come as a surprise to many that an entire city, or county, could file for bankruptcy. In fact, there have been many municipalities, big and small, that have sought debt relief through Chapter 9 bankruptcy protection....
