Atty: Ala city filing for bankruptcy more than $1 million in debt
Published: November 5, 2009
Updated: November 5, 2009
An attorney representing Prichard in the
south Alabama city’s bankruptcy proceedings says the city’s debt is
probably more than $1 million.
Attorney Scott Williams says bills from some of the city’s
largest creditors, including Allied Waste, are being paid.
But Williams says money owed to retired city employees who did
not receive a pension check last month must be added to the
equation.
A first set of bankruptcy hearings for the city has been
scheduled for Nov. 16. Prichard’s bankruptcy petition is its second
in a decade.
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