Bank of N.Y. Mellon v. Jefferson County (In re Jefferson County)

Jun

2012

11 U.S.C.
- § 928
- § 928(b)

Ruling:

County ordered to remit revenue from sewer system to receiver except for amount necessary for actual operations.

Procedural posture:

Plaintiff banks and insurance companies filed an adversary proceeding against defendant Jefferson County, Alabama, seeking a judgment declaring that the County was not allowed to withhold payments of money it claimed it needed to operate a sewer system. The case was tried to the court.

Issue:

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Court: Northern District of Alabama ( Bennett ) [ Bankruptcy Court ]

Commercial case opionion summary, case decided on June 29,2012, LexisNexis #0912-133