Jefferson County Finally Files for Bankruptcy

Jefferson County, Ala., commissioners Wednesday voted to file the largest municipal bankruptcy in U.S. history, saying they could not come to terms with creditors over restructuring $3.14 billion of defaulted sewer debt.

On a 4 to 1 vote, commissioners decided to proceed with a Chapter 9 filing.

Read more…

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Client Portal

Socialize
Newsletter Signup
  • This field is for validation purposes and should be left unchanged.