Retired Central Fall, R.I., firefighters Rick McDermott, left, and Paul St. George, right, react as it is announced that the city will file for Chapter 9 bankruptcy protection, during a press ... more 
Retired Central Fall, R.I., firefighters Rick McDermott, left, and Paul St. George, right, react as it is announced that the city will file for Chapter 9 bankruptcy protection, during a press conference in Central Falls, Monday, Aug. 1, 2011. Rhode Island state appointed receiver Robert Flanders had earlier indicated that seeking Chapter 9 bankruptcy protection in federal court might be the only option unless municipal retirees and city workers made major voluntary concessions. (AP Photo/Stew Milne) less 
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Associated Press | Photo By Stew Milne
Mon, Aug 1, 2011 11:54 AM EDT