Here - Goodwin Procter LLP
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MUNICIPAL BANKRUPTCIES: CHAPTER 9 FILINGS<br />
California (cont.)<br />
San Bernardino<br />
Status: Filed for bankruptcy<br />
Date: 8/1/2012<br />
Debt or Deficit Amount: $46 million<br />
San Bernardino City Council voted to file for bankruptcy<br />
protection after learning the city had only $150,000 left in its<br />
bank accounts.<br />
Georgia<br />
Hospital Authority of Charlton County<br />
Folkston, GA<br />
Status: Filed for bankruptcy<br />
Date: 4/30/2012<br />
Idaho<br />
Boise County<br />
Status: Bankruptcy filing rejected<br />
Date: 9/8/2011<br />
Debt or Deficit Amount: $5.4 million<br />
A federal judgment ordered the rural county to pay $5.4 million<br />
in damages and attorney fees to developer Oaas-Laney for<br />
allegedly violating the federal Fair Housing Act. The county<br />
later filed for bankruptcy, but failed to prove it was insolvent.<br />
Lost Rivers District Hospital<br />
Arco, ID<br />
Status: Filed for bankruptcy<br />
Date: 3/10/2010<br />
Missouri<br />
Lake Lotawana Community Improvement District<br />
Lee's Summit, MO<br />
Status: Filed for bankruptcy<br />
Date: 8/27/2010<br />
Nebraska<br />
Sanitary and Improvement District #512 of Douglas<br />
County<br />
Omaha, NE<br />
Status: Filed for bankruptcy<br />
Date: 11/1/2011<br />
New York<br />
Suffolk Regional Off-Track Betting Corporation<br />
Hauppauge, NY<br />
Status: Filed for bankruptcy after initial filing in 2011 was<br />
rejected<br />
Date: 5/11/2012<br />
The New York State Legislature changed the state's laws to<br />
allow Suffolk OTB to file for bankruptcy after the agency's<br />
previous filing was rejected. Suffolk OTB, which manges six<br />
branches, reported a $5.1 million net operating loss for 2011.<br />
Oklahoma<br />
Rural Water District No. 1, Cherokee County<br />
Ft. Gibson, OK<br />
Status: Filed for bankruptcy<br />
Date: 1/23/2012<br />
Pennsylvania<br />
Harrisburg<br />
Status: Bankruptcy filing rejected, defaulted on payments<br />
Date: 3/10/2012<br />
Debt or Deficit Amount: More than $300 million<br />
Harrisburg skipped about $5 million in debt payments in<br />
March. Much of the city's debt is related to a failed waste-toenergy<br />
plant.<br />
Rhode Island<br />
Central Falls<br />
Status: Filed for bankruptcy<br />
Date: 8/1/2011<br />
Debt or Deficit Amount: $21 million of outstanding debt, plus<br />
unfunded pension liabilities<br />
State-appointed receiver Robert Flanders filed for bankruptcy<br />
protection and has since cut pensions for retirees.<br />
South Carolina<br />
Barnwell County Hospital<br />
Barnwell, SC<br />
Status: Filed for bankruptcy<br />
Date: 10/5/2011<br />
Bamberg County Memorial Hospital<br />
Bamberg, SC<br />
Status: Filed for bankruptcy<br />
Date: 6/20/2011<br />
<strong>Goodwin</strong> <strong>Procter</strong>, <strong>LLP</strong>
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