This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Home » Jefferson County, Ala., Commissioners in Last-Ditch Renegotiations Over Muni Debt
Jefferson County, Ala., commissioners named two members to negotiate personally with creditors, bypassing a court-appointed receiver, as they again delayed a Chapter 9 bankruptcy that would be the nation’s largest.
In a unanimous vote on Aug. 12, the five commissioners voted for David Carrington, commission president, and James A. "Jimmie" Stephens, finance chairman, to start meeting personally with the creditors, which include J.P. Morgan Chase & Co., to reach a settlement on $3.2 billion in sewer bonds by Sept. 16.