Harrisburg Seeks Chapter 9 Bankruptcy, Citing ‘Overwhelming Debt’

Pennsylvania’s capital is asking for chapter 9 bankruptcy, citing the Harrisburg’s “overwhelming debt,” the AP reports:

The petition docketed by U.S. Middle District bankruptcy court Wednesday listed about $458 million in creditors and claims, and said the city faced “imminent jeopardy” from six pending legal actions by creditors related to a debt-saddled trash incinerator.