Jefferson County Stands Firm On Ch. 9 Eligibility

Law360, New York (December 13, 2011, 8:03 PM EST) -- Jefferson County, Ala., on Tuesday fought back against efforts by Bank of New York Mellon Corp. and others to dismiss its Chapter 9 petition, arguing that it was indeed authorized under state law to seek bankruptcy protection.

Grappling with more than $3 billion in sewer debt, the county's governing board voted Nov. 9 to file the largest municipal bankruptcy in U.S. history after settlement talks with creditors broke down.

On Friday, BNY Mellon, the indenture trustee for county sewer warrants, said Jefferson County lacked a particular...
To view the full article, register now.




Case Information

Case Title

Jefferson County, Alabama

Case Number



Alabama Northern

Nature of Suit

Date Filed

November 9, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.