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Post# of 29782
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quixopixs

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quixopixs

Re: pontalba post# 27768

Sunday, 09/14/2008 1:26:45 PM

Sunday, September 14, 2008 1:26:45 PM

Post# of 29782
State of Alabama is broke. The State of Alabama cant afford to upgrade sewer infrastructure, so its stonewalling on approving a discharge permit for Perihelion.

Sue the state of Alabama!

No Deal Reached on Alabama Debt
SEPTEMBER 12, 2008, 7:03 AM
http://dealbook.blogs.nytimes.com/2008/09/12/no-deal-reached-on-alabama-debt/
Read link for full article

Creditors, insurers and lawyers for Alabama’s Jefferson County met on a proposed restructuring of $3.2 billion of sewer debt on Wednesday but struck no bargain to avert a possible municipal bankruptcy.

The negotiators are working against a September 30 deadline to restructure the sewer debt and related interest-rate swaps. The county has ordered lawyers to prepare for a possible Chapter 9 municipal bankruptcy filing if a deal is not reached.

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