Boise County files for bankruptcy

In a move rare in the United States and perhaps unprecedented in Idaho, Boise County is filing for federal protection against a multimillion dollar judgment.

“This was not our first option. This was our last option,” said Jamie Anderson, chairwoman of the three-member Boise County Board of Commissioners. “This protects us so we can continue to operate.”

Chapter 9 protection, from a section of federal code expressly for financially distressed municipalities, means that creditors can’t collect while the county is developing a plan for reorganizing its debts.

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Posted in * Economics, Politics, City Government, Economy, Politics in General, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

One comment on “Boise County files for bankruptcy

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