bankruptcy

JeffCo Bankruptcy
5:20 pm
Tue August 28, 2012

Jefferson County's Money Woes To Close Hospital

The Jefferson Co. Commission voted to end inpatient care at Cooper Green Mercy Hospital.
nelsonglass.com

Financially troubled Jefferson County plans to quit admitting patients to its hospital for the poor.

The County Commission voted 3-2 Tuesday to end inpatient care at Cooper Green Mercy Hospital. The county also asked a bankruptcy court judge to stop a lawsuit by the city of Birmingham that seeks to keep the hospital operating.

The county filed for Chapter 9 bankruptcy in November, citing more than $4 billion in debt. It was the largest municipal bankruptcy filing in U.S. history.

Read more
Around the Nation
11:20 am
Fri July 20, 2012

For Stockton, Calif., Bankruptcy 'Freezes Everything'

Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red.