Sunday, June 30, 2013

FOXBusiness.com: Alabama county files exit plan to end $4.2 billion bankruptcy

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FOXBusiness.com
FOX Business Network - The Power to Prosper
Alabama county files exit plan to end $4.2 billion bankruptcy
Jun 30th 2013, 20:24

Alabama's Jefferson County on Sunday filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors.

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