AL county files for largest municipal bankruptcy

November 10, 2011 • National News

County manager Tony Petelos stands outside a room as Jefferson County Commission president David Carrington holds a news conference in his office, Wednesday, Nov. 9, 2011 at the Jefferson County Courthouse in Birmingham, Ala.. Leaders of Alabama’s most populous county on Wednesday voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in U.S. history. (AP Photo/The Birmingham News, Joe Songer) MAGS OUT; NO SALES

MONTGOMERY, Ala. (AP) — Alabama’s most populous county filed the largest municipal bankruptcy in U.S. history Wednesday, years after being plunged more than $4 billion into debt by a corruption-riddled sewer project.

Just two months after it seemed Jefferson County could stave off embarrassment by striking a deal Login to read more

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