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Jefferson County

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Jefferson County

Overview

Jefferson County Considers Chapter 9 Bankruptcy

The ongoing credit crunch and the failure of auction rate securities have rendered untold financial damage to thousands of individuals and communities across the country. No where is this more evident than in Jefferson County, Alabama.

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News Commentary

Jefferson County: Alabama Governor Joins Bankruptcy Negotiations

Jefferson County, Alabama's $3.2 billion sewer debt crisis is set to begin a new chapter. After stalled negotiations with JP Morgan Chase and others to restructure its debt obligations, Jefferson County Commissioners are filing the necessary paperwork for Chapter 9 bankruptcy protection.

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Jefferson County Crisis Heats Up; Lawsuit Filed

Jefferson County, Alabama, is again making headlines as it sues JP Morgan Chase, Morgan Keegan and 10 other banks, advisers and insurers for their involvement in failed bond transactions that has left county residents with soaring sewer bills.

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