BRADENTON, Fla. — The potential ouster of the Jefferson County, Ala., sewer system’s receiver in connection with the county’s bankruptcy case could derail the long-held legal precedent that bonds secured by a specific pledge of revenues will continue to be paid during a Chapter 9 proceeding, according to creditors and industry participants.

Federal bankruptcy Judge Thomas Bennett could decide any day whether to allow the receiver, John Young, to remain in place and continue making debt service payments while the county’s bankruptcy case proceeds.

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