The status of a bankruptcy filing of compelling interest to the municipal finance and legal industries will be in the hands of a federal judge in Harrisburg, Pa., this week.

On Wednesday, Mary France of the U.S. Bankruptcy Court for the Middle District of Pennsylvania will hear arguments on the validity of the Chapter 9 filing by the City Council of Pennsylvania’s capital city — a move that a majority of City Council members favor, but the mayor, governor and major creditors oppose.

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