“The situation in Prichard is extremely unusual — the city has sought bankruptcy protection twice...”
I think the story said the court wouldn’t allow it but that would be a last ditch act, sell off any assets, equipment, etc. and let everyone owed have a share before removing the city charter. If they absolutely can’t pay the bills bankruptcy seems the only course.
But then who keeps the water system going and the streets repaired? The former government agencies as private businesses? Profits cannot be legislated either so no matter what “You cannot wring blood from a turnip, no matter how hard you try”.
“But then who keeps the water system going and the streets repaired?”
If the financial situation is as bad as is stated, I doubt the town owns the utility anyway. It’s was probably sold long ago.
If not, some private company will buy it auction.
The streets become the responsibility of the county.
Cities like these become political fiefdoms, and it’s time to make them responsible.