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October 01, 2014
An Alabama federal judge on Tuesday refused to let Jefferson County escape $1.6 billion in claims over sewer rate hikes related to its $4 billion bankruptcy, ruling that the court still could strike part of the county's bankruptcy plan almost a year after its approval.
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November 21, 2013
A federal bankruptcy judge on Thursday confirmed Jefferson County, Ala.'s plan to cut its debt by $1.2 billion, the next step toward ending the second-largest municipal bankruptcy in the nation's history, according to the county's attorneys.
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October 09, 2013
Jefferson County, Ala.'s plan to trim its burdensome sewer debt by more than $1.2 billion has been "overwhelmingly" approved by its creditors, the county commission's president said Tuesday, bringing the county one step closer toward exiting bankruptcy by the end of the year.
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October 04, 2013
A putative class of Jefferson County, Ala., citizens objected to Jefferson's bankruptcy plan in Alabama federal court Friday, saying the county intends to illegally impose unfair sewer rates without giving citizens adequate time or information to object.
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August 08, 2013
An Alabama federal judge on Wednesday gave the green light to Jefferson County to seek approval of its plans to emerge from Chapter 9 bankruptcy, the latest step for the county in tackling more than $4 billion in debt.
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July 26, 2013
Jefferson County, Ala., has agreed to pay the Internal Revenue Service $4.5 million to resolve an agency investigation into the tax-exempt status of warrants the bankrupt county issued to finance an overhaul of its sewer system, say documents filed in bankruptcy court Wednesday.
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July 01, 2013
Jefferson County, Ala., on Sunday unveiled a plan to trim its burdensome sewer debt by over $1.2 billion — with lender JPMorgan Chase & Co. absorbing a majority of the losses — keeping the county on track to emerge from bankruptcy by the end of the year.
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June 27, 2013
Jefferson County, Ala., has reached a settlement with lenders, including JPMorgan Chase Bank NA, seeking $138 million, in a deal that bolsters an agreement to structure more than $3 billion of the county's debt, a county attorney told a bankruptcy court Thursday.
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June 05, 2013
Jefferson County, Ala., announced plans Tuesday to tackle its sewer-related debt with three refinancing agreements that will pay $1.8 billion to its major creditors, including JPMorgan Chase Bank NA, a step county officials say is significant as its prepares to exit Chapter 9 bankruptcy by the end of the year.
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April 16, 2013
Assured Guaranty Municipal Corp. can't proceed with claims that JPMorgan Chase Bank NA tricked it into providing $378 million in insurance coverage for municipal debt issued by now-bankrupt Jefferson County, Ala., by concealing bribes the bank had paid to county officials, a bankruptcy judge ruled Monday.