Bloomberg News

Jefferson County Commission Authorizes Hiring of Debt Manager

February 17, 2012

Feb. 14 (Bloomberg) -- The commission of Jefferson County, Alabama, which filed for a record municipal bankruptcy in November, authorized the hiring of a person to manage its $4.2 billion debt.

The official will have the title of director of capital structure and investments, and he or she will be paid $5,000 biweekly.

The commission today approved the resolution 4-0 in Birmingham.

To contact the reporter on this story: Brian Chappatta in New York at

To contact the editor responsible for this story: Stephen Merelman at

Race, Class, and the Future of Ferguson

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus