IPFS News Link • Economy - Economics USA
Lawyers spar over busted Alabama county bankruptcy
• ReutersLawyers 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.