Thursday, November 24, 2011

Judge tosses Harrisburg bankruptcy

A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania’s debt-choked capital of Harrisburg, saying it had been legally barred by state law from seeking bankruptcy protection and, in any case, had no authority to file it. Judge Mary D. France issued the ruling after hearing more than two hours of arguments by lawyers as to whether the bankruptcy petition, filed last month by a divided City Council, satisfied various legal issues and could move forward despite the objections of the city’s mayor, Pennsylvania Gov. Tom Corbett, Dauphin County, bond insurers and others.

No comments:

Post a Comment