September 06, 2012
A bankruptcy judge on Thursday paved the way for Central Falls, R.I., to exit Chapter 9 bankruptcy, approving a five-year restructuring plan that would stabilize the city's finances through a mix of cuts to retiree pensions and increases in taxes.
July 30, 2012
A bankruptcy judge on Friday approved the Chapter 9 disclosure statement of Central Falls, R.I., clearing the way for creditors to vote on a plan that protects approximately $27 million in municipal bonds while slashing some retiree pensions by as much as 55 percent.
January 30, 2012
The Rhode Island branch of the American Civil Liberties Union has accused the receiver appointed to oversee the bankruptcy of Central Falls, R.I., of illegally conducting city meetings, the ACLU announced Monday.