Alabama

Jefferson County, Ala., must retain its bankruptcy attorneys because two groups have said they plan to pursue appeals of the county's confirmation order.

Jefferson County, Ala., says its bankruptcy adjustment plan was implemented at 1:20 p.m. eastern time Tuesday, though objectors filed notices of appeal.

Two groups of Jefferson County, Ala., sewer system customers appealed the county's Chapter 9 exit plan, and the county announced close of the sale of sewer warrants to pay creditors for the plan.

Jefferson County, Ala., is nearing the end of the nation's second-biggest municipal bankruptcy case as it prepares to close on the sale of $1.7 billion of new sewer warrants on Tuesday.

The Securities and Exchange Commission says its case against former JPMorgan bankers Charles LeCroy and Douglas MacFaddin should go to trial.

U.S. Bankruptcy Attorney Thomas Bennett issued a 79-page Friday confirming his verbal approval of Jefferson County, Ala.'s Chapter 9 exit plan.

Two years after filing what was then the largest municipal bankruptcy in the country, Jefferson County, Ala., Thursday won approval of its plan to emerge from Chapter 9.

After successful pricing of $1.8 billion in sewer debt, a hearing on Jefferson County, Ala.'s bankruptcy plan could lead the county out of Chapter 9 this week.

Bankrupt Jefferson County, Ala., sold $1.8 billion of new sewer warrants following a three-day pricing, County Commission President David Carrington said Tuesday night.

There is no legal basis for the judge overseeing Jefferson County, Ala.'s bankruptcy case to reject the opinions of expert witness James White, argue opponents of the county's plan to exit Chapter 9.

As Jefferson County, Ala., began to sell sewer warrants on Friday, analysts said they remained concerned about the rate increases needed to repay the debt.

The triple-B ratings assigned to Jefferson County, Ala.'s $1.7 billion sewer warrant deal should be considered "borderline non-investment grade," Standard & Poor's said.

Bankrupt Jefferson County, Ala.'s former financial advisor James White revealed "privileged" information and violated his fiduciary duties, attorneys for the county claim.

Bankrupt Jefferson County, Ala.'s $1.7 billion of new sewer warrants should be rated in the speculative grade B category, Moody's Investors Service said in a special comment.

Fitch assigned preliminary non-investment grade ratings to bankrupt Jefferson County, Ala.'s upcoming $1.7 billion sewer warrant sale.

Fitch expects to assign a BBB-minus rating to bankrupt Jefferson County, Ala.'s upcoming sale of $105 million in GO warrants.

Jefferson County, Ala.'s bankruptcy plan will eliminate dozens of suits, restructure debt, and offer the sewer system "a fresh start," court documents said.

Bankrupt Jefferson County, Ala., began marketing efforts in earnest in advance of selling $1.74 billion of sewer system refunding warrants to finance its exit from Chapter 9.

Former JPMorgan bankers argue that bankrupt Jefferson County, Ala.'s swap transactions are outside the Securities and Exchange Commission’s purview.

Jefferson County, Ala., plans to sell $1.7 billion of refunding sewer warrants before it exits Chapter 9 bankruptcy, according to County Commission President David Carrington.