Jefferson County municipal bankruptcy

Politics & Government
8:22 am
Fri May 10, 2013

Ala County Has Timeline for Ending Huge Bankruptcy

Jefferson County Bankruptcy attorney Kenneth Klee says the county hopes to submit a plan to get out of bankruptcy by the end of June.
al.com

An Alabama county hopes to end the largest municipal bankruptcy in U.S. history by the end of this year.

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Jefferson County Bankruptcy
5:11 pm
Thu January 31, 2013

Hearing Opens In Jefferson County Bankruptcy Case

Jefferson County Manager Tony Petelos was one of the first called today in a hearing regarding the county's bankruptcy case.
Credit http://jeffconline.jccal.org/

Jefferson County Manager Tony Petelos was among the first witnesses called as a hearing began before a bankruptcy judge.


The hearing this week is aimed at determining whether county sewer bondholders will be allowed to go back to state court to force higher sewer rates.


The hearing before Chief U.S. Bankruptcy Court Judge Thomas Bennett deals with motions by The Bank of New York Mellon and other creditors that ask him to lift the automatic-stay on legal action against the bankrupt county.

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Politics & Government
6:37 am
Mon January 28, 2013

Movement Possible in Jefferson Co. Bankruptcy

Jefferson County's Comission approved sewer rate increases last year, but lenders argue the hikes should have been higher.
The Birmingham News

This could be an important week in Jefferson County's attempt to emerge from the largest municipal bankruptcy in U.S. history.


Al.com (http://bit.ly/Vzd38I ) reports that the county commission president and another commissioner will be in New York for meetings with hedge fund managers as they try to negotiate a deal.


On Wednesday, a federal bankruptcy judge in Birmingham will begin a hearing on a request by creditors who want to go to state court seeking rate increases for sewer service in Jefferson County.

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