Watch: After Detroit, here’s how bankruptcy went in C. Falls

Detroit filed for chapter 9 bankruptcy on Thursday, becoming the larger city in American history ever to declare insolvency. What happens in the Motor City will be closely followed in Rhode Island, which already had Central Falls go through its own traumatic Chapter 9 and which watched Providence Mayor Angel Taveras publicly flirt with a bankruptcy filing last year, as well.

For a refresher, then, on what Chapter 9 meant for Central Falls – and why the city’s bankruptcy lawyer Ted Orson considered it a success – it’s a good time to give an encore viewing to this Newsmakers show we taped last year with Orson and R.I. Director of Revenue Rosemary Booth Gallogly:

  • Detroit Makes History. Now What? | ETF Database

    […] and to ensure fair treatment of all interested parties. We hope it will take action to do so, following the example of other states before it (consider Rhode Island in the case of Central Falls). In our view, the […]

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