July 26, 2011
Alabama's Jefferson County hires bankruptcy lawyers
"Alabama's Jefferson County on Tuesday hired outside bankruptcy lawyers ahead of a critical decision on its debt that could result in what would be the largest municipal bankruptcy in U.S. history.
The hiring of Klee, Tuchin, Bogdanoff & Stern, LLP, the law firm that helped Orange County, California, through its landmark bankruptcy in 1994, appears to signal that bankruptcy has moved sharply up the agenda for Jefferson County."
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