Bankruptcy Expert Witnesses & Jefferson County $4.2B Bankruptcy
Bankruptcy expert witnesses may provide expert witness testimony concerning liquidation of assets, bankruptcy trustees, and corporate bankruptcies, as well as related issues. This week Jefferson County, AL, filed a plan to end the biggest municipal bankruptcy in U.S. history, $4.2 billion.
Jefferson County filed for bankruptcy in 2011 with debts of $3.14B related to sewer work. While the debt outstrips the Orange County, CA, 1994 bankruptcy, it is the first time municipal bond investors are forced to take losses on their principal.