After defaulting on its incinerator bonds and preparing to sell off pieces of itself, Harrisburg, PA, is preparing to file bankruptcy.

Laura Vecsey wrote in Pennlive 16 June 2011, Harrisburg City Council looks to introduce resolution that would allow bankruptcy paperwork to be prepared:

Harrisburg City Council member Brad Koplinski is seeking to introduce a resolution that will allow the council to prepare paper work that might become necessary should a majority of the council decide to file for Chapter 9 bankruptcy.

Koplinski said the urgency of being prepared escalated Thursday when state Sen. Jeffrey Piccola introduced legislation that called for a state takeover of Harrisburg should the distressed city fail to adopt the Act 47 plan it was presented Monday.

It seems Harrisburg applied for Act 47, which is apparently a state bankruptcy protection plan last October, but now: Continue reading →