Jefferson County Won’t Take Deal That Rules Out Bankruptcy
This article is for subscribers only.
Jefferson County, Alabama, won’t agree to a deal for restructuring its debt that rules out the possibility of filing for bankruptcy protection, Commission President David Carrington said.
Carrington, who is traveling to New York this week to speak with creditors in a failed $3.14 billion sewer bond refinancing, wants the option open because the county hasn’t shored up its general fund after a court struck down a wage tax.