The Latest In Jefferson County

Law360, New York (July 12, 2012, 7:27 PM EDT) -- On June 29, 2012, the Bankruptcy Court in the Jefferson County, Ala., Chapter 9 municipal bankruptcy case issued a decision in The Bank of New York Mellon, as Indenture Trustee, et al. v. Jefferson County, Alabama (Bankr. N.D. Ala. June 29, 2012) siding with creditors by limiting the county's use of revenues generated by its sewer system.

Bankruptcy Judge Thomas Bennett ruled that the county cannot deduct and set aside from the operating revenues of the sewer system reserves for estimated bankruptcy related professional fees and...
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