CF officially out of receivership - ABC6 - Providence, RI and New Bedford, MA News, Weather

CF officially out of receivership

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Dee DeQuattro

The receivership in Central Falls is officially over.

A letter was delivered to Central Falls Mayor James Diossa at City Hall on Monday afternoon officially announcing the receivership dissolved.

In 2010 Central Falls was taken over by a state receiver and went into municipal bankruptcy.

Last fall a federal bankruptcy judge signed off on a five year plan to help the cash-strapped city recover.

Today authority over the city and its finances has been officially returned to the city's elected officials.

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