BRADENTON, Fla. - A federal judge has scheduled a full hearing for March 24 on a motion by bond insurers and a bank trustee to appoint a receiver to oversee Jefferson County, Ala.,'s debt-ridden sewer system.

U.S. District Judge David Proctor held a status hearing in the case Wednesday in Birmingham, the county seat, and asked county commissioners why they had not taken action to solve the system's financial problems, according to the Birmingham News.

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.