Bankruptcy Judge Thomas Bennett pushed back what could be the final major hearing for Jefferson County, Ala.'s, bankruptcy case after county leaders squeezed another $300 million in breaks from sewer bondholders, salvaging the deal that's meant to get the county out of chapter 9 by the end of the year, Dow Jones Daily Bankruptcy Review reported today. With his court order signed on Thursday, Judge Bennett rescheduled the county's confirmation hearing for Nov. 20, giving county leaders more time to finalize a fresh debt repayment deal that gave them even bigger breaks on the $3.1 billion the county borrowed to fix its aging sewer system.
