John Whitlock, a partner in Edwards Wildman's
Restructuring and Insolvency practice, discussed the country's biggest municipal bankruptcy in Jefferson County, Ala., in The Bond Buyer. In the article, "JeffCo to File Adjustment Plan Within 90 Days
," Whitlock said, "Announcing a deadline to file a plan is a common negotiating tactic to push along the plan negotiation process. A debtor might even file a plan that has not been fully agreed among key creditor groups as a tactic to set out the debtor's position and put pressure on the negotiators to move forward."