Judge Won't Put Clock On Ala. County To Submit Ch. 9 Plan

Law360, New York (September 13, 2012, 9:18 PM EDT) -- An Alabama bankruptcy judge declined to set a deadline at a Thursday hearing for debt-ridden Jefferson County's Chapter 9 bankruptcy plan, postponing a request from the county's creditors.

U.S. Bankruptcy Judge Thomas Bennett declined to set the deadline for Jefferson County's submission of a Chapter 9 plan, ordering a general continuance of creditor requests to set a deadline in the case, according to a source familiar with the matter.

Creditor Assured Guaranty Municipal Corp. had asked Judge Bennett in July to set a deadline, arguing that...
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