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Providence bankruptcy can be avoided

Facing a $22 million budget gap this year, a bankruptcy may be avoidable if the mayor can get approval to reduce pension benefits.

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PROVIDENCE, R.I. (AP) — The state receiver in Central Falls whose law firm had been advising financially troubled Providence on paring pension benefits said Tuesday he was given no reason when Providence severed its ties with his firm — and that he does think the capital can avoid bankruptcy.

Robert G. Flanders Jr. told The Associated Press that city lawyer Jeffrey Padwa called him Monday afternoon and said that the services of Hinckley Allen & Snyder, where he is a partner, were no longer needed.

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