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Jefferson County, Ala., files for biggest municipal bankruptcy in US history
9 (Bloomberg) -- Jefferson County, Alabama's elected leaders voted to enter the biggest municipal bankruptcy in US history to escape the burdens of more than $3 billion in debt. The 4-1 vote in Birmingham today followed an impasse in a tentative
Updated: 11/10/2011 10:24A
Plaintiff's Conclusory and Unsworn Allegations Are Insufficient To Survive
Facts: Plaintiff filed for bankruptcy under Chapter 7 of the Bankruptcy Code on or about October 15, 2005. Other than a tax lien, Plaintiff's debts were discharged as part of the bankruptcy on May 16, 2006. The tax lien was paid and released on August
Updated: 11/10/2011 10:23A
The Daily Docket: Jefferson County Enters Bankruptcy
Alabama's Jefferson County filed for Chapter 9 protection Wednesday evening with more than $3 billion in debt, the largest bankruptcy of its kind, The Wall Street Journal reports. As Bloomberg notes, Jefferson County's bankruptcy might
Updated: 11/10/2011 10:22A
GOP candidates clueless on housing
Then we had Michele Bachman, who in the Las Vegas debate told moms in foreclosure to "hang on," asserting that Fannie Mae and Freddie Mac are destroying housing and "we need to put them back into bankruptcy and get them out of business.
Updated: 11/10/2011 10:22A
Alabama's Jefferson County files for largest municipal bankruptcy
MONTGOMERY - Alabama's most populous county filed what became the largest municipal bankruptcy in US history in an effort to retake control of its beleaguered sewer system and wipe away as much of its whopping $4.15 billion in debt as possible.
Updated: 11/10/2011 10:16A
Birmingham's Most Populous County Files for Bankruptcy
Jefferson County in Birmingham, Alabama, voted to file an estimated $4.1 billion bankruptcy on Wednesday, triggering the largest municipal bankruptcy in US history, The Birmingham News reports. The decision comes after more than
Updated: 11/10/2011 10:16A
Alabama's Jefferson County Declares Biggest Muni Bankruptcy
10 (Bloomberg) -- Jefferson County, Alabama, declared the largest municipal bankruptcy in US history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street's credit crisis. The move yesterday by Alabama's
Updated: 11/10/2011 10:13A
Jefferson Co. files for bankruptcy
(AP) - Alabama's most populous county filed what became the largest municipal bankruptcy in US history in an effort to retake control of its beleaguered sewer system and wipe away as much of its whopping $4.15 billion in debt as possible.
Updated: 11/10/2011 10:11A
Centurion Cargo's Rey gets Osorio's home
Alfonso Rey, who just announced his Centurion Cargo would add 200 jobs in Miami, was the winning bidder in bankruptcy court for Claudio Osorio's home. The $12.75 million bid for Osorio's home was announced Nov. 4, but the buyer's name was not initially
Updated: 11/10/2011 10:11A
Banker Lucas Papademos named new Greek PM
A NEW Greek government, headed by Lucas Papademos, will be sworn in today after the successful conclusion of marathon talks to take the country out of a political crisis and avert bankruptcy. Greek president Karolos Papoulias asked former European
Updated: 11/10/2011 10:05A
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