Jefferson County Commissioners are crafting a plan to get out of bankruptcy without having a county attorney in place.
Today commissioners announced they hope to present to a federal judge tomorrow a timetable to fashion a plan to exit the largest municipal bankruptcy in the country. The county has been operating without a county attorney since former County Attorney Jeff Sewell involuntarily retired last month.
"Our county attorneys are very competent. They have definitive character. They understand their role and are moving the county forward but we haven't missed a beat," Jefferson County Commissioner Jimmie Stephens said.
Jefferson County Commissioners also have confidence in the group of outside attorneys they have hired to work on the plan to get out of bankruptcy.
Commission President David Carrington confirmed today he has been talking with one of the county's largest creditors, JP Morgan, this week. Carrington says the talks have been optimistic.
Carrington and other commissioners say the plan will include at least a $1 billion reduction on the massive debt the county owes, a debt that totals more than $4 billion. Commissioners say once a plan is accepted they can start planning the future of the county.
Carrington says the county will present a plan to get out of bankruptcy in June, but it will not be June 1 as the county had hoped.
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