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Most populous Ala. county files for largest municipal bankruptcy
(AP) — 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
Updated: 11/10/2011 12:53A
Alabama County files biggest municipal bankruptcy in US history
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 that Jefferson County had
Updated: 11/10/2011 12:51A
Alabama county will file bankruptcy
Alabama's Jefferson County is set to file for the largest municipal bankruptcy in US history after commissioners failed to approve a settlement on the county's billions in debts. Plagued by budget woes, Jefferson County had narrowly avoided filing for
Updated: 11/10/2011 12:51A
A cure called “elections”
The Legislature's Democratic majority won't raise "taxes," they'll nickel-and-dime us to bankruptcy on "fees and charges," carefully orchestrated from our beloved (?) governor's "wish list." The first salvo is the vehicle registration charges nearly
Updated: 11/10/2011 12:44A
Unicredit head allowed to cite 5th
The invocation of the Fifth Amendment by the president of a former debt-collection agency will not prevent him from pursuing personal bankruptcy protection. Michael J. Covatto, who headed Unicredit America Inc.,
Updated: 11/10/2011 12:40A
Syms, Blitz, Vitro, Lehman, Real Mex, Broadstripe: Bankruptcy
In objection papers filed yesterday, the government says that taking $25 million without approval from the Labor Department would be a violation of federal law. In addition, the department wants the judge to insure that no releases are given that would
Updated: 11/10/2011 12:36A
Romney Defends Auto Bailout Opposition in Home State of Michigan
Democrats see his opposition to the auto bailout as an opportunity to draw a sharp contrast with Obama, who made expanding government loans to the automakers one of the earliest acts of his presidency. In late 2008, faced with estimates that as many as
Updated: 11/10/2011 12:34A
Diocese of Orange raises its bid for Crystal Cathedral
A bankruptcy judge now will decide who will take over the Orange County landmark, founded by the Rev. Robert H. Schuller. Last week, Chapman University upped its bid to $51.5 million and was named the preferred buyer; the offer includes an option that
Updated: 11/10/2011 12:34A
Record $4 Billion Bankruptcy Now Reality in Jefferson County
(WIAT) At more than 4 billion dollars, Jefferson County's bankruptcy plans are huge. In fact they're unprecedented. Until now the largest US municipal bankruptcy was 1.7 billion filed in Orange County, California. Jefferson County residents aren't sure
Updated: 11/10/2011 12:31A
Alabamians Blame Jefferson County Bankruptcy Delay on Greed, Ego
It wasn't caution that kept Jefferson County commissioners from filing for bankruptcy sooner. It was greed and ego, Birmingham-area residents said after a sewer-debt crisis triggered the largest municipal
Updated: 11/10/2011 12:21A
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