Seeking relief from $300 million of debt, the Harrisburg, Pennsylvania, City Council voted late Tuesday to seek Chapter 9 protection, according to Mark Schwartz, the bankruptcy attorney advising the council on the filing.
The Keystone State’s capital city has teetered on the brink of insolvency for several years as a result of a massive debt load linked to a failed plan to refurbish a municipal garbage incinerator. The state government tried to help the city of 49,5000 shore up its finances by granting it entrance into Pennsylvania’s Act 47 program for distressed municipalities in December 2010.
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