BRADENTON, Fla. – Officials overseeing Jefferson County, Ala.’s municipal bankruptcy are commiserating with Detroit over its bankruptcy filing, and say they understand the challenges and stigma it brings.

Jefferson County filed for Chapter 9 bankruptcy in November 2011 with $4.2 billion of debt. Of that, $3.1 billion of debt was related to the county’s overleveraged sewer system, which has a dedicated revenue stream.

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