BRADENTON, Fla. - The Jefferson County, Ala., Commission Tuesday approved a plan that is expected to lead it out of Chapter 9 bankruptcy by the end of the year.

The bankruptcy plan support agreement with JPMorgan, bond insurers, and seven hedge funds represents about $2.4 billion, or 78%, of the county’s outstanding sewer debt, said Commissioner Jimmie Stephens.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.