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 repay $22 million in occupational tax revenues. Although the revenues had already been spent, they were repealed by an Alabama district court last month.

On top of the repayments, the county must find a way to cover a $3.9 billion sewer debt.

If you or your company is facing the prospect of bankruptcy, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.