Pa.'s Capital City Mulling Ch. 9 Protection

Law360, New York (September 29, 2010, 5:33 PM EDT) -- The city council of Harrisburg, Pa., has voted to hire a financial adviser to help determine whether it should file for Chapter 9 bankruptcy protection, citing a state of financial crisis brought on by its inability to make debt service payments.

The city council voted 5-2 on Tuesday to seek professional advice on whether Harrisburg should enter into Chapter 9 bankruptcy or file a petition under the state's Municipalities Financial Recovery Act, which allows Pennsylvania cities to restructure their debt.

The measure that passed Tuesday, Resolution...
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