Kentucky city files for bankruptcy after large jury verdict

By Bruce Schreiner, Associated Press | Posted - Aug. 21, 2015 at 3:11 p.m.



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LOUISVILLE, Ky. (AP) — A suburban city near Louisville has filed for bankruptcy, crippled by an $11.4 million jury verdict in a dispute over land and money with a truck-driving school.

That's nearly four times the budget for Hillview, a town of about 9,000 people south of Louisville.

The city entered its Chapter 9 bankruptcy filing Thursday in federal court.

The filing is meant to keep the city from digging a deeper hole. City Attorney Tammy Baker said Friday that it stops interest from being applied to the multimillion-dollar judgment as city leaders look to resolve the town's financial problems.

She says city services, including police, will not suffer. The city's annual budget is about $3 million.

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Bruce Schreiner

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