Bankrupt Jefferson County, Ala., continues to negotiate with creditors over the disposition of $3.14 billion of defaulted sewer debt.
In recent weeks, two commissioners and attorneys have traveled to California and New York for talks.
"The county had intense negotiating sessions in New York with representatives of multiple creditor groups, including JPMorgan, the general obligation debt holders, the bond insurers, and the hedge funds," David Carrington, president of the county commission, said late last week.
Carrington said no dates have been finalized for the next series of negotiating sessions.
"Despite the ongoing adversarial positions some of our creditors continue to take in federal bankruptcy court, the commission remains focused, at this point in time, on negotiating a consensual settlement with all of our creditor groups," he said.
