Jefferson County, Ala., Plan Calls For JPMorgan Chase To Cut Claims To $1.9B

BIRMINGHAM, Ala. - Bankrupt Jefferson County, Ala., on June 30 filed is Chapter 9 plan in the U.S. Bankruptcy Court for the Northern District of Alabama in which JPMorgan Chase Bank would agree to reduce its $3.2 billion in claims to $1.9 billion in order for the county to emerge from bankruptcy (In Re: Jefferson County, Ala., No. 11-5736, Chapter 9, N.D. Ala. Bkcy.).

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