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Harrisburg almost filed for bankruptcy but the governor stopped that. i dont think he can keep this pig from bleeding out for much longer though.
Unfortunately, City of Harrisburg chapter 9 bankruptcy dismissed The US Bankruptcy Court for the Middle District of Pennsylvania has dismissed the bankruptcy petition filed on behalf of the City of Harrisburg, Pennsylvania, finding that the city failed to meet eligibility requirements under the Bankruptcy Code to be a chapter 9 debtor. The dismissal of Harrisburg’s petition, in November 2011, highlights the US constitutional considerations in municipal bankruptcy cases and the Bankruptcy Code’s strict requirement for a municipality to have express state authorization to become a chapter 9 debtor. Read more: globaleconomicanalysis.blogspot.com... ishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29&utm_content=Google+Reader#ixzz20E07gOgk