Reuters: Bankruptcy News: U.S. judge clears way for vote on Alabama county's bankruptcy plan

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

U.S. judge clears way for vote on Alabama county's bankruptcy plan Aug 6th 2013, 17:24 BIRMINGHAM | Tue Aug 6, 2013 1:24pm EDT BIRMINGHAM Aug 6 (Reuters) - A U.S. judge on Tuesday cleared the way for Wall Street banks and others owed $4.2 billion to vote on a plan to end America's second-largest municipal bankruptcy. Creditors must vote by a Oct. 7 deadline. A large majority of creditors have agreed to the negotiated plan, which promises to deliver only $1.835 billion to sewer-system warrant holders owed $3.078 billion.

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