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´╗┐General fund bankruptcy filing might not be option for Jefferson County

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Knight spoke Thursday to the Trussville Area Chamber of Commerce, talking mostly about how the county got to owing $3.2 billion borrowed to repair and expand the county sewer system. Bankruptcy Code. One option Converse All Star Oxford

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county operations.But Knight, a private practice lawyer, was skeptical that the county could limit the damage of bankruptcy."The question would be could you segregate the bankruptcy in that way? I don't think you can without it affecting the whole county," Knight said. "But I'm not sure."As Knight told chamber members, a Chapter 9 bankruptcy filing would allow the county to come up with a debt repayment plan, guided by a bankruptcy judge. This would not mean the county's debts would "go away," he said, but would lay out a schedule of repayment."You've only had about 250 Chapter 9 bankruptcy filings in the Converse All Star Ox Black Leather Womens Trainers

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last 60 years, so there just isn't a whole Converse Womens Uk lot of precedent," he said. "So I don't know 100 percent what we can do."

under discussion for coping with the debt is a limited Chapter 9 filing, which would only affect the county's general fund without touching all Converse All Star Ox Womens White

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