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Huge bankruptcy filing means pain for Alabama
ATLANTA, Nov 9 (Reuters) - The decision by Alabama's biggest county to file for the largest municipal bankruptcy in US history comes as a shock and represents a sharp economic setback for the state. [ID:nN1E7A8248] It is difficult to
Updated: 11/09/2011 08:58P
Alabama county files for largest ever municipal bankruptcy for $4B over sewer
Alabama's most populous county filed the largest municipal bankruptcy in US history Wednesday, years after being plunged more than $4 billion into debt by a corruption-riddled sewer project. Just two months after it seemed Jefferson County could stave
Updated: 11/09/2011 08:58P
US 'deserves better' than unfounded claims, Cain tells OU debate
Though he typically favors bankruptcy, this wasn't an issue of two companies declining, but a takedown of the entire supply chain, which "would have been devastating for our nation." "I don't want to second-guess that," Snyder said of the federal aid
Updated: 11/09/2011 08:56P
Debt-Ridden Jefferson County Files for Bankruptcy
Jefferson County, Ala., which contains the city of Birmingham, filed for bankruptcy on Wednesday after suffering for three years from the collapse of a sewer bond refinancing. It is poised to be the largest municipal or county bankruptcy in US history,
Updated: 11/09/2011 08:55P
Sewer Receiver: Jefferson County Commission Decision "Devastating"
BIRMINGHAM, Ala., Nov 09, 2011 (BUSINESS WIRE) -- Jefferson County sewer receiver John Young, Jr. said today that Jefferson County Commissioners' decision to file the largest municipal bankruptcy in US history is a "catastrophic mistake and
Updated: 11/09/2011 08:53P
Alabama county faces bankruptcy
Leaders of the largest county in the US state of Alabama have voted to file for a $4.1bn (£2.6bn) bankruptcy, the costliest US municipal failure ever. Jefferson County has been struggling to avoid bankruptcy since 2008, but recent talks on a deal to
Updated: 11/09/2011 08:52P
Largest Municipal Bankruptcy Filed
Commissioners in Jefferson County, Ala., which owes more than $3 billion on a failed sewer deal, filed Wednesday for what would be the largest municipal bankruptcy in US history after a tentative rescue plan with creditors unraveled.
Updated: 11/09/2011 08:50P
US county files $4bn municipal bankruptcy
A county in the southern state of Alabama has filed the largest ever municipal bankruptcy, weighed down by a reported more than $US4 billion ($A3.95 billion) in debt. The county commission of Jefferson County, which includes Birmingham,
Updated: 11/09/2011 08:39P
Jefferson County in Alabama faces bankruptcy
Leaders of the largest county in the US state of Alabama have voted to file for a $4.1bn (£2.6bn) bankruptcy, the costliest US municipal failure ever. Jefferson County has been struggling to avoid bankruptcy since 2008, but recent talks on a deal to
Updated: 11/09/2011 08:38P
Alabama county votes for $4.1B bankruptcy
9 (UPI) -- The Jefferson County Commission voted 4-1 Wednesday to take the Alabama county into bankruptcy, at $4.1 billion the largest municipal filing US history. Officials for the state's most populous county have been wrangling with the financial
Updated: 11/09/2011 08:37P
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