John Whitlock, a Boston-based partner in Edwards Wildman's
Restructuring and Insolvency practice, commented on how Jefferson County, Ala. has announced a deal intended toward exiting the nation's largest municipal bankruptcy in The Bond Buyer. In the article, "JeffCo Debt Deal Could Leave Some Market Questions Unanswered
," Whitlock said, "Depending on how the classes of creditors are defined will determine whether there are in fact any dissenting classes to be crammed down. With the support of the largest creditors, it appears that the county may have mustered enough support for its ultimate plan that it can reasonably expect to get sufficient votes from impaired classes so that the plan can be approved."