BRADENTON, Fla. – Predictions by market observers that the nation’s largest municipal bankruptcy would be complex, challenging, and costly are playing out in Jefferson County, Ala.

The federal judge overseeing the case agreed Friday with the county’s request to hold a hearing May 9 to discuss the schedule for filing a plan of adjustment, which will detail how the county plans to adjust its debts in order to exit bankruptcy. The county has asked the judge not to set a hard deadline for filing the plan.

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