Jefferson County Says Negotiations Hold Back Vote on Bankruptcy
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Officials in Jefferson County, Alabama, will keep negotiating with creditors over a $3.1 billion sewer-debt crisis, as the governor said a deal to avert the largest municipal bankruptcy in U.S. history was “within striking distance.”
The state’s most populous county and its creditors extended an agreed standstill yesterday for the second time in a week. The bankruptcy decision was postponed until Aug. 12, county Commission President David Carrington said yesterday in Birmingham. Governor Robert Bentley asked for the delay, Carrington said.