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Jefferson County Averts Bankruptcy
The governing board of Alabama's most populous county voted Friday to accept an agreement in principle on how to restructure more than $3 billion of debt, avoiding for now what would have been the biggest municipal bankruptcy
Updated: 09/16/2011 02:13P
Jefferson County's Path From Scandal to Settlement: Timeline
16 (Bloomberg) -- Jefferson County, Alabama's elected leaders voting to settle with creditors averted what would have been the biggest municipal bankruptcy in US history. The deal approved by a 4-1 vote in Birmingham today caps more than three years of
Updated: 09/16/2011 02:11P
White House worried about Solyndra "optics" in January
(Reuters) - White House staffers were worried in January about the political fallout of the bankruptcy of solar panel maker Solyndra, weeks before the Department of Energy agreed to restructure its $535 million federal loan guarantee, an email between
Updated: 09/16/2011 02:11P
Alabama County Avoids Bankruptcy
Jefferson County, Ala., has avoided the largest municipal bankruptcy in US history. Above, a general view of the city of Birmingham, Ala. BIRMINGHAM, Ala.—Jefferson County, Ala., commissioners voted Friday to approve the framework for a
Updated: 09/16/2011 02:10P
White House Staffers Worried About Solyndra Political Fallout in January
White House staffers were worried in January about the political fallout of the bankruptcy of solar panel maker Solyndra, weeks before the US Department of Energy agreed to restructure its $535 million federal loan guarantee, an email between senior
Updated: 09/16/2011 02:09P
The Broke and the Beautiful: Hockey Edition
This week on The Broke and the Beautiful, the NHL's Dallas Stars slide into bankruptcy, the New Jersey Devils are refinancing debt, and a Denver media personality tunes in to Chapter 7. Associated Press During a 2010 game, Dallas Stars
Updated: 09/16/2011 02:08P
Alabama's Largest County Takes Big Step To Avoid Bankruptcy
The Jefferson County Commission in Alabama approved a plan today that could mean the county will avoid having to declare bankruptcy because of a $3.1 billion debt. The Birmingham News cautions, though, that "the agreement [with
Updated: 09/16/2011 02:07P
Claudio Osorio proposes new company
Embattled Miami Beach businessman Claudio Osorio has proposed to launch a new company in bankruptcy, with the promise that it will generate enough cash to pay off creditors from his former company, InnoVida Holdings . Osorio outlined his proposed new
Updated: 09/16/2011 02:05P
Alabama's largest county avoids bankruptcy filing
Leaders of Alabama's largest county Friday approved a framework for a settlement with Wall Street over $3.1 billion in debt from a sewer system overhaul gone bad, avoiding the possibility of immediately filing the largest municipal bankruptcy in US
Updated: 09/16/2011 02:04P
What they're saying about the JeffCo sewer agreement
It's a crisis that has lingered over the county for several years and drawn plenty of negative headlines as Jefferson County leaders contemplated the largest municipal bankruptcy filing in US history. The Birmingham Business Alliance applauded the
Updated: 09/16/2011 02:01P
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