BREAKING: Largest municipal bankruptcy in U.S. history
Jefferson County, Ala. (WIAT) - Federal Judge Thomas Bennett cleared the way for Jefferson County to officially enter into Chapter 9 Bankruptcy.
The order Overrules objections filed by The Bank of New York Mellon which sought to stave off Chapter 9 and forcing the County to resume negotiations with creditors over the counties multi-billion dollar sewer debt.
The order ensures that the county may continue to operate while reorganizing the debt.
While the order does not specify the amount of debt that Jefferson County will still have to pay, it does find that Jefferson County did negotiate in good faith with creditors to reduce its debt obligations.
http://www.cbs42.com/content/breaking/story/Bankruptcy-Approved/AaW...
Comment
-
Comment by Exposure on March 5, 2012 at 2:44am
-
Best news ever!! That what all counties, no countries in fact should do, - knock the 1%!!
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
2DF36465-A826-443C-A3A8-6638BC1D4FFA
"You can't subvert a nation that has already been subverted by Marxists and drug cartles who…"
2DF36465-A826-443C-A3A8-6638BC1D4FFA
"Venezuela was once a thriving nation until the left and Communism infiltrated the government, and…"
Jacob Collier Improvises With Orchestra (Live in San Francisco)
A few months ago, I had the joy of performing with the world's first Audience Symphony Orchestra in San Francisco, a gathering of fans from all over North Am...
Архітектура для мегаполісів: виклики та рішення урбаністики
Сучасні мегаполіси — це складні живі організми, де переплітаються економіка, культура, технології…See More
FB_IMG_1770501160448
"Thumbs up find. So what ever do we have here then? Revolving doors of corruption and deceit that…"
"Greetings and well wishes to you POMaH, great that you've joined us all here at the site. May…"
Something is Making Fishermen Disappear It’s not Alligators or Sharks
The setting is a section of the Ohio River where many locals enjoy fishing, swimming, and boating.…See More
Always Wondering
The face of reality pressed against your window paneIs it engineered or is it real rain?So, you…See More
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network