Sewer services for parts of Tuscaloosa County that rely upon anAlabama One financed sewage treatment plant moved a bit closer tostability on May 11 when the U.S. bankruptcy court formallyappointed a trustee to oversee the facility.
The $613 million Tuscaloosa, Ala., based credit union has beenpartially responsible for managing the sewage treatment plant ever since October 2014when its owner and one of the cooperative's largest debtors, DannyRay Butler, filed for bankruptcy after going to prison for fraudand check kiting.
According to court records, AlabamaOne holds a $7.1 million note for the facility.
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