Tuesday, August 30, 2011

We get efficient at this bankruptcy thing

By W. Zachary Malinowski
Journal Staff Writer
CENTRAL FALLS — The state-appointed receiver has sent a second round of letters to 141 retired police officers and firefighters informing many of them that their retirement pensions will be slashed further than he first proposed at a public meeting at Central Falls High School last month. Projo

As municipal bankruptcy gets efficient and the rules easily determined, then post default looks a lot less expensive.

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