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The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, is a Pennsylvania statute outlining procedures to stabilize municipalities in Pennsylvania undergoing financial distress.
However, the City of Philadelphia may seek up to $15,000 in delinquent real estate tax debt and up to $12,500 in other delinquent taxes or utilities debt. There is also no limit for landlord tenant evictions in cases that leave the landlord with back rent and damages. [1]
The Municipal Court also has jurisdiction over civil cases with an amount in controversy less than $12,000 (or $12,500 for fines and most debts owed to the City of Philadelphia, or $15,000 for delinquent real-estate taxes owed to the City and certain tax debts owed to the School District of Philadelphia). The civil division of the Municipal ...
Here's what it means for True Value's 100+ stores in Pennsylvania. True Value has filed for Chapter 11 bankruptcy, and will be sold to a competitor. ... Damon C. Williams is a Philadelphia-based ...
Bankruptcy. The mere word can evoke shame, fear and dread -- and for good reason. When you file for bankruptcy, your credit score takes a major blow, possibly dropping as much as 240 points,...
The James A. Byrne United States Courthouse at 601 Market Street in Philadelphia. The United States District Court for the Eastern District of Pennsylvania (in case citations, E.D. Pa.) is one of the original 13 federal judiciary districts created by the Judiciary Act of 1789.
True Value has filed for Chapter 11 bankruptcy and plans to sell the business to wholesale company Do It Best.. Do It Best has offered to pay $153 million in cash to purchase True Value, according ...
Thirty-two of Pennsylvania's sixty-seven counties levy a personal property tax on stocks, bonds, and similar holdings. With the exception of the city of Philadelphia, Pennsylvania, municipalities and school districts are allowed to enact a local earned income tax within the purview of Act 32. Residents of these municipalities and school ...