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Bankrupt Alabama County favored over document dispute

Posted on February 6th, 2013 No Comments

U.S. bankruptcy judge Thomas Bennett favored Jefferson County attorneys and turned down creditors’ request on Thursday for documents used by Alabama policymakers to set sewer-system rates. Creditors claim these rates are too low.

Wall Street creditors were denied access to the sewer-system rates documents  after a hearing in Birmingham, Alabama. County lawyers said that the creditors’ document request had no merit and violates policymakers’ privacy when making decisions. According to creditors, however, these rate hikes passed by county commissioners were not enough to meet principal and interest payments on the county’s sewer bonds.

Birmingham lawyers negotiating with creditors continued their discussions in a court hearing Wednesday, January 30.

Whether an individual or business, bankruptcy can be the best option for escaping the bulk of your financial troubles and moving on. Call (205) 324-4000 to speak with a bankruptcy lawyer at Greenway Law, LLC, about your debt situation today.

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