Jefferson County Debt Deal Won't Translate To Other Ch. 9s

Law360, New York (June 5, 2013, 8:23 PM ET) -- The deal announced late Tuesday providing Jefferson County, Ala., with a significant reduction of its massive debt is a huge turning point for the county, but the unusual circumstances surrounding the bankruptcy, including allegations of serious corruption, means it probably won’t set a lasting precedent for other distressed municipalities, experts said.

The proposed term sheet, which is subject to court approval as part of a so-called adjustment plan, would allow the county to resolve the $3 billion debt it incurred from an effort to revamp its sewage...
To view the full article, register now.

DEWEY LIVE BLOG

Follow our exclusive coverage of the trial of the year:

Catch up on the Dewey trial here