Central Falls’ bankruptcy shouldn’t directly impact bondholders carrying $20.8 million of the city’s general obligation debt, according to Monday’s Chapter 9 filing.

Justice Robert Flanders, a state-appointed receiver who has been overseeing the troubled Rhode Island city’s precarious financial situation since January, makes it clear in the bankruptcy filing that bondholders will benefit from a first lien on ad valorem taxes and the city’s general funds.

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