Alabama County Files Largest Municipal Bankruptcy in U.S. History

November 10, 2011 Updated Nov 10, 2011 at 12:21 PM EDT

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Alabama County Files Largest Municipal Bankruptcy in U.S. History

November 10, 2011 Updated Nov 10, 2011 at 12:21 PM EDT

According to a story on the website of The Birmingham (Ala.) News, an Alabama County filed the largest municipal bankruptcy in U.S. history on Wednesday.

Jefferson County is $4.23 billion in debt, according to The Birmingham News story.

Read The Birmingham News story HERE.