Alabama County Files for Largest Municipal Bankruptcy in U.S. History

Tuesday, March 06, 2012

Jefferson County in Alabama filed for bankruptcy last November, with approximately four billion dollars in debt. Since November, creditors have argued that Alabama law prevents Jefferson County from filing for bankruptcy. Now, a federal judge has ruled that Jefferson County’s bankruptcy is legal, allowing officials to begin drawing up plans which will address the county’s debt.

We'll talk with Steven Church, who has been covering this story for Bloomberg News.

Guests:

Steven Church

Produced by:

Arwa Gunja

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