Receiver Files Bankruptcy Plan
Posted on Oct 23, 2011 5:45pm PDT
The receiver of Central Falls, Rhode Island has reportedly filed a new bankruptcy plan. According to reports, the receiver filed a plan to plug the huge budget deficit in order to move forward. The city is reportedly the smallest and most densely populated one in the state. The city originally filed for bankruptcy back in August after dealing with unfunded pensions and retiree health benefit liabilities of $80 million.
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