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News Link • Economy - Economics USA

Lawyers spar over busted Alabama county bankruptcy

• Reuters

Lawyers on opposing sides of the debt crisis in Alabama's Jefferson County traded blame on Tuesday for the biggest municipal bankruptcy in U.S. history as they girded for a crucial court hearing next week.

But a week after county commissioners opted for bankruptcy, both sides acknowledged that the framework deal for a debt restructuring announced in September was never more than the bare bones of a potential agreement.

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