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Harrisburg, PA Files For Chapter 9 Bankruptcy

By National Confidential

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Published 12 October 2011 9:58 am EST Updated 12 October 2011 9:58 am EST

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Harrisburg, PA

The city of Harrisburg, Pennsylvania has filed for chapter 9 bankruptcy. The city has $300 million in debt and faces a possible takeover by the state. The state and the city have been unable to agree on how to approach the debt issue while also fulfilling other financial obligations. [Reuters]

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