Pennsylvania State Capital Mulls Bankruptcy

Re: Pennsylvania State Capital Mulls Bankruptcy

PostBy: Poconoeagle On: Fri Feb 12, 2010 11:46 pm

thats pretty much what it takes for change to occur.. sick and tired of being sick and tired...
Poconoeagle
 
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Re: Pennsylvania State Capital Mulls Bankruptcy

PostBy: franco b On: Fri Feb 12, 2010 11:56 pm

Poconoeagle wrote:thats pretty much what it takes for change to occur.. sick and tired of being sick and tired...


Et tu. Usually we can count on you to lighten things up with your humor. Things must be worse than i thought.
franco b
 
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Re: Pennsylvania State Capital Mulls Bankruptcy

PostBy: Poconoeagle On: Sat Feb 13, 2010 12:05 am

Every once in a while, a frowning face gives the "other" muscles a chance to get exercise!! :D

just read bout the alabama school "issue" :shock:

people are either scared...
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or mad!!.....
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Poconoeagle
 
Stove/Furnace Make: Buckwalter & Co. , EFM520
Stove/Furnace Model: No. 28 Glenwood 1880, Alaska


Re: Pennsylvania State Capital Mulls Bankruptcy

PostBy: Black_And_Blue On: Thu Feb 18, 2010 12:24 pm

Wow :

Just days after becoming controller of financially strapped Harrisburg, Pa., in January, Daniel Miller began uttering an obscure term that baffled most people who had never heard it and chilled those who had: Chapter 9.

The seldom-used part of U.S. bankruptcy law gives municipalities protection from creditors while developing a plan to pay off debts. Created in the wake of the Great Depression, Chapter 9 is widely considered a last resort and filings under it are more taboo than other parts of bankruptcy code because of the resulting uncertainty for everyone from municipal employees to bondholders.


http://online.wsj.com/news/articles/SB1 ... 1602878062
Black_And_Blue
 
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