[fella]

Total assets are listed as $ 322, 985, with $ 50, 000 of that coming from 46 acres of property and 13 city lots and $ 112, 218. 83 from unpaid fines. The city’s other assets included three shotguns, three pistols and one bullet-resistant vest — valued in total at $ 500. Four firetrucks — ranging from a 1956 Chevrolet to the newest, a 1979 Ford — altogether were valued at $ 2, 500.

If these were your assets, you'd better believe that the values would be far higher when it came to paying your property taxes.

[Calpernia]

Question.

Just say this town sold bonds to raise monies for projects.

When BK is filed, what happens to those bonds? Are they flushed? Or do the bond holders become the owners of the projects they were sold to raise monies for?

[infantrywhooah]

Well, that town’s credit is now shot to hell! LOL

[patton]

If they are going to claim that 4 firetrucks are only worth $2,500 - I think that they should be forced to accept the first offer in that amount.

Where do I send the check?