Ala. county leaders hope to decide finally whether to file record bankruptcy over sewer debt
http://dervishcom.blogspot.com/2011/08/ala-county-leaders-hope-to-decide.html
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BIRMINGHAM, Ala. — Commissioners in Alabama's largest county expect to vote on whether to settle with Wall Street or file the largest municipal bankruptcy in U.S. history.
Jefferson County commissioners have delayed a decision for two weeks while negotiating with creditors. They started a public meeting Friday on whether to accept a settlement offer or file bankruptcy over more than $4 billion in debt.
Commissioners then went into an executive session behind closed doors. President David Carrington said they'll take action one way or the other after they come out.
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