Thursday, July 28, 2011

Jefferson County Hires New Law Firm: Hiring Could Signal Chapter 9 Move

The Bond Buyer reports:
Jefferson County, Ala., on Tuesday hired a national bankruptcy law firm to help determine whether to proceed with the largest Chapter 9 filing ever in the United States.

County commissioners engaged Klee, Tuchin, Bogdanoff & Stern LLP as legal counsel and planned Thursday to discuss strategies, including filing for bankruptcy, Many of the firm’s attorneys worked on the bankruptcy of Orange County, Calif., in 1994.


Alabama's largest county.