Jefferson County Alabama – Bankrupt?

Jefferson County Alabama is struggling under $4.2 Billion in debt and is contemplating filing Bankruptcy under Chapter 9.  A large part in the debt is due to bonds issued on a $2 Billion sewer project than the county has had difficulties refinancing.  Kenneth Klee is currently working with the county to help them explore their potential options.  Klee has worked many large bankruptcies, including Orange County CA.  Original articles found here and here.

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