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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."

Read more here.

July 26, 2011 in Current Affairs | Permalink

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