There is a “50-50” chance that Jefferson County, Alabama, officials will vote to file for Chapter 9 bankruptcy tomorrow, Commissioner Sandra Little Brown said today after seeing creditors’ latest offer.
There is an 80 percent chance that Jefferson County, Alabama, officials will vote to file for Chapter 9 bankruptcy today, Commissioner Sandra Little Brown said before the panel was set to meet to consider the option.
Bernard Madoff’s wife and surviving son say in a new book that they didn’t know of his $65 billion Ponzi scheme, the largest in history, until the day in December 2008 when he confessed his crimes to them.
Jefferson County, Alabama, officials shouldn’t worry that a bankruptcy filing will damage their ability to borrow money in the future, said lawyers who guided other municipalities through two of the biggest court-supervised restructurings. The markets will forget, they said.