"The county can continue to operate the system, and the county's sewer professionals have the resources they need to continue providing vital services to the community," Carrington said in a prepared statement.
Jefferson County, the home of Birmingham, the state's business hub, filed a $4.23 billion bankruptcy claim - the largest ever by a U.S. local government - on Nov. 9. It's massive sewer debt, aggravated by political corruption and loss of local tax in a court case, fueled the financial crisis.
In April, the county skipped a $15 million general obligation bond payment for the first time, as officials said they needed the money to pay for basic government services.
Bank of New York welcomed the judge's decision, according to spokesman Kevin Heine, who added, "It affirms the rights of the warrant holders to continue to be paid from the system revenues they are entitled to."
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