Experts: More Local Cities Will Be Forced into Bankruptcy

Monday, 17 May 2010 08:29 AM

By: Dan Weil

Harrisburg, Pa., officials have raised the idea of declaring bankruptcy, and don’t be surprised if other financially strapped cities begin to contemplate the same idea.

Harrisburg, Pennsylvania’s capital, has missed $6 million in debt payments since Jan. 1.

Its City Council brought in experts to explain the ramifications of bankruptcy at a recent meeting.

“There is no good option,â€