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Bankruptcy filings fall in September
Adeson has noticed a marked decline in new Chapter 13 filings, which he attributes to drawn-out foreclosures. Courts now require banks to hold settlement conferences with homeowners to see if foreclosures can be avoided.
Updated: 10/12/2011 08:54P
Pennsylvania's capital city seeks bankruptcy for 'overwhelming debt'
Pennsylvania's financially distressed capital is seeking bankruptcy with a court filing signed by a member of the City Council. The petition filed late Tuesday on behalf of Harrisburg's city council cites “overwhelming debt” and lists about $458
Updated: 10/12/2011 08:49P
Latest move by Harrisburg City Council has them and Mayor at odds again
Also, according to federal bankruptcy law, before a municipality can enter into Chapter 9 the state must approve it. Miller thinks the state will approve Harrisburg's filing since it has approved bankruptcy before. Others believe there's no chance of
Updated: 10/12/2011 08:46P
Dodgers web musings: Court battle is where the entertainment is
Nerves appear to become just a tad frayed as the Dodgers' bankruptcy moves forwards. The big showdown doesn't even start until Halloween, but already attorneys are sharpening their fangs. Accusations have been flying the past two days.
Updated: 10/12/2011 08:28P
Pennsylvania state capital files for bankruptcy
The American city of Harrisburg - capital of the populous state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. With debts totalling $US 300 million, Harrisburg has struggled to pay for services, the BBC reports.
Updated: 10/12/2011 08:21P
Harrisburg, Pennsylvania bankrupt, files for court protection
Pennsylvania's capitol of Harrisburg has filed for bankruptcy protection as the cash-strapped city government can no longer pay its bills and workers by the fourth quarter. The City Council voted 4-3 to file for bankruptcy protection Tuesday night and
Updated: 10/12/2011 08:13P
Capital Files for Bankruptcy
Legal experts expect the state will challenge the filing in court, citing a state law passed this spring that prohibited Harrisburg from filing for bankruptcy. In Pennsylvania, municipalities need state approval to file under Chapter 9, the municipal
Updated: 10/12/2011 08:09P
Harrisburg, PA Files For Chapter 9 Bankruptcy
under state law and would push the city closer to state receivership. Robert Philbin, a spokesman for the mayor, also called the move illegal, saying the council could pass a measure asking the mayor and city solicitor to file bankruptcy but could
Updated: 10/12/2011 08:03P
Awash in Debt, City of Harrisburg Seeks Bankruptcy Protection
Schwartz said a close examination of that law's language shows that it allows for a bankruptcy filing with the penalty of losing state funding—a condition he said the council is prepared to accept. Mayor Thompson, who opposed the filing, also said the
Updated: 10/12/2011 07:55P
Inside the world of business
A DECADE after it first arrived in Ireland, biotech group Genzyme this week unveiled its latest expansion – a 150 million investment that will treble the capacity of its fill/finish line. It doesn't sound very exotic but to Genzyme, and to Waterford,
Updated: 10/12/2011 07:49P
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