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Former State Rep. Joe Faria reacts as it is announced that the city of Central Falls, R.I., will file for Chapter 9 bankruptcy protection, during a news conference in Central Falls, R.I., Monday, Aug. 1, 2011. Receiver Robert G. Flanders had earlier indicated that seeking Chapter 9 bankruptcy protection in federal court might be the only option unless municipal retirees and city workers made major voluntary concessions. (AP Photo/Stew Milne) Former State Rep. Joe Faria reacts as it is announced that the city of Central Falls, R.I., will file for Chapter 9 bankruptcy protection, during a news conference in Central Falls, R.I., Monday, Aug. 1, 2011. Receiver Robert G. Flanders had earlier indicated that seeking Chapter 9 bankruptcy protection in federal court might be the only option unless municipal retirees and city workers made major voluntary concessions. (AP Photo/Stew Milne)  

Central Falls, Rhode Island files for bankruptcy

Central Falls, Rhode Island’s poorest city, filed for Chapter 9 bankruptcy protection as it struggles to meet its pension obligations.

The petition was filed today after state officials failed to persuade unionized police, firefighter and municipal retirees to accept voluntary benefit concessions, according to a statement from Robert Flanders, a judge appointed to oversee the city’s finances. Flanders said he asked the court to reject existing collective-bargaining agreements with the unions.

Full story: ‘Dire’ finances force R.I. City into bankruptcy

  • Anonymous

    Good, they got what they deserved….. Now pick yourselves UP!, brush yourselves off, and fix the problem…..Greedy Unions!