As Hartford edges closer to bankruptcy, the city’s creditors are gearing up for what could be a protracted, bitter court battle, the Hartford Courant reported on Saturday. Two of Hartford’s largest employee unions – the police and firefighters – have begun seeking advice from lawyers specializing in chapter 9. A third, the American Federation of State, County and Municipal Employees Council 4, Local 1716, which represents about 400 city workers, has tapped its national leadership for assistance and counsel. And recently, the city’s two biggest bond insurers, Assured Guaranty and Build America Mutual, brought on a financial expert to assess Hartford’s situation and come up with solutions outside of bankruptcy.
