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The largest self-reported European ancestries in Jefferson County, Alabama are English 9.7%(64,016), "American" 9.6%(63,015), Irish 8.6%(56,695), German 7.2%(47,690). Many Americans whose ancestors came from Britain or Ireland identify simply as American, because their immigrant ancestors arrived so long ago, in some cases in the 17th and 18th ...
Officials have postponed a bankruptcy decision for Jefferson County, Alabama for the second time in two weeks. On Thursday, county commissioners again met with creditors in Birmingham, but did not ...
Jefferson County banks made approximately $120 million by encouraging the county to refinance nearly all of its bonds using swaps. The bonds resulted in a $3.2 billion sewer debt, contributing to the Jefferson County commissioners voting to declare bankruptcy on November 10, 2011, in what at the time was the largest municipal bankruptcy in U.S ...
On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection. Jefferson County, Alabama, in 2011, and Orange County, California, in 1994, are also notable examples.
Alabama's massive sewer debt crisis is coming to a close. Commissioners of Jefferson County voted 4-1 on Friday to accept a term sheet with creditors, allowing it restructure and partially write ...
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