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Malloy Says Hartford Bankruptcy Should Be “Last Resort”

Submitted by jhartgen@abi.org on

Connecticut Gov. Dannel P. Malloy (D) says that he still believes filing for bankruptcy protection should be a "last resort" for Connecticut's capital city, the Associated Press reported on Friday. Malloy said that he has not received a request from Hartford officials to sign off on a bankruptcy filing, as required by law. City officials announced on Thursday that they've retained Greenberg Traurig LLP, a law firm founded in Miami, to provide legal services as Hartford evaluates its restructuring options. Hartford leaders are hoping to persuade state lawmakers to provide them with $40 million in additional state aid. The General Assembly, however, has not yet passed a new budget for the fiscal year that began July 1.

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