The Most Talked-About Bankruptcy that Never Happened

The Jefferson County Chapter 9 Municipal Bankruptcy is bigger than the Orange County Bankruptcy. And it's been talked about for three years now. I've read that even the locals are tired of talking about it, and I find that remarkably easy to understand! But that doesn't keep folks from talking about the possible bankruptcy filing! I was entertained by the phrase, "they can't even tax their way out of it!" And I was also entertained by the fact that most folks in Jefferson County want 'em to file right now, and quit talking about it! Now, I understand that last part. When individuals finally reach the conclusion that they want a solution to their problems, and getting garnished again and again isn't their favorite way to spend time, they want to file bankruptcy right now! But, frankly, it's more important to file bankruptcy right than right now.

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