Jefferson County officials say the county is moving closer and closer towards filing for bankruptcy. Commissioner Jimmy Stevens stated, “Bankruptcy has been on the stove, possibly moved to the front burner.”This week, a bill that would allow the county to raise...
Municipal Bankruptcy
Jefferson County May File for Bankruptcy
Alabama’s Jefferson County is in serious financial trouble after several alleged bribes with investors and building a new sewage system that may sink the county altogether.The county loaned money by several Wall Street banks, such as J.P. Morgan, who served as...
Jefferson County may file for bankruptcy
Jefferson County may file for bankruptcy soon. According to County Commission President Bettye Fine Collins, the county is facing the prospect of being unable to pay a $105 million bond payment due Sept. 15.Along with the bond payment, the county also may be unable to...