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

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