Jefferson County, Alabama, ...home to the state’s most-populous city...filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart... assets and debt of more than $1 billion in Chapter 9 papers filed today in U.S. Bankruptcy Court - http://www.bloomberg.com/news/2011-11-09/alabama-s-jefferson-county-files-for...
