The San Bernardino City Council votes to file for bankruptcy. Facing a $45-million budget shortfall and the prospect of not being able to pay city workers, the panel Tuesday voted to file municipal bankruptcy, the third California city to do so in recent weeks.

BING NEWS:
  • San Bernardino council votes to slash budget more than $26 million
    The City Council ... federal Bankruptcy Judge Meredith Jury told San Bernardino officials that she expected the budget-cutting plan to be filed soon. Some of the city's creditors have argued that San Bernardino does not qualify to file for municipal ...
    11/27/2012 - 2:08 am | View Link
  • UPDATE 5-Near-bankrupt San Bernardino votes to default on debt
    The emergency plans follows the San Bernardino council voting on July 18 to file for bankruptcy, probably within the next 30 days. Investors might eventually get paid in full depending on any later plan approved by a bankruptcy judge. The city is also in ...
    07/24/2012 - 12:09 pm | View Link
  • California’s San Bernardino Votes to Declare Bankruptcy
    The votes in San Bernardino yesterday ... “We’ll file as soon as everything is ready,” Penman said in an interview. “There’s no definite time.” The council first voted to seek bankruptcy protection for the city at a July 10 meeting.
    07/19/2012 - 6:55 am | View Link
  • San Bernardino City Council declares fiscal emergency, votes to file bankruptcy
    The seven-member council immediately followed the action Wednesday night by voting 5-2 to seek Chapter 9 bankruptcy protection. "These votes mean that the City of San Bernardino will move forward with its plan to file for Chapter 9 bankruptcy protection in ...
    07/18/2012 - 11:38 pm | View Link
  • The New York Times
    Faced with a budget shortfall of $45 million and city coffers that have already been drained, the San Bernardino City Council voted on Tuesday to file for bankruptcy. Andrea Travis-Miller, the interim city manager, told Council members before the vote that ...
    07/12/2012 - 2:59 pm | View Link
  • San Bernardino, CA, votes for bankruptcy filing
    TEL AVIV (MarketWatch) -- The city of San Bernardino, Calif., on Tuesday night voted to reorganize under Chapter 9 of federal bankruptcy ... file early this month. The Associated Press reported that San Bernardino City Manager Andrea Miller told the city ...
    07/11/2012 - 12:46 pm | View Link
  • San Bernardino Votes to Authorize Bankruptcy Filing
    The city council in San Bernardino, Calif., citing continuing deficits and the depletion of its general fund reserves, voted Tuesday night to authorize the city to file for Chapter 9 bankruptcy. To continue reading, log in, register or subscribe below ...
    07/10/2012 - 10:42 pm | View Link
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