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Private Detention Facility Forced into Bankruptcy, Sold at Auction

Loaded on Oct. 15, 2013 published in Prison Legal News October, 2013, page 46
Filed under: Corrections Corporation of America/CoreCivic, Money/Property, Bankruptcy. Location: Georgia.
The Irwin County Detention Center (ICDC) in Ocilla, Georgia has been sold at auction after the facility’s owner, Municipal Corrections LLC, was forced into bankruptcy court by bondholders.

A 2007 agreement between Irwin County and Municipal Corrections demonstrates the risks that government agencies assume when they issue bonds to invest ...

 

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  2. From the Editor, by Paul Wright
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  22. Declining Prison Populations Leave Towns with Empty Jails, Debt, by David Reutter
  23. Private Detention Facility Forced into Bankruptcy, Sold at Auction
  24. PLN Files Federal Lawsuit Over Censorship at Virginia Jail
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  27. Death Row Prisoners in Two States File Suit over Hip Replacements, by David Reutter
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