Sewer negotiations will continue in NYC this week - ABC 33/40 - Birmingham News, Weather, Sports

Sewer negotiations will continue in NYC this week

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BIRMINGHAM - AL -

Two Jefferson County commissioners are headed back to New York in the hope of ending bankruptcy.

Commissioners David Carrington and Jimmie Stephens will once again go to negotiate a sewer settlement on behalf of the county. This time, they'll meet with hedge funds.

The hedge funds and J.P. Morgan own a significant portion of the sewer debt.

If they can strike a deal, Jefferson County can move out of bankruptcy much faster.

The county will be back in bankruptcy court this week. A trial over sewer creditors' being part of the automatic stay, which bars them from taking any further legal action against the county, begins Wednesday. Commissioners could testify.

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