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 - 2:02 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 - 6:20 pm | View Link
  • San Bernardino votes for fiscal emergency; clears way for bankruptcy
    The City Council voted 5-2 to declare the emergency and file for bankruptcy protection amid a dire cash crunch that has officials worried San Bernardino can’t meet ... and John Valdivia dissented on both votes. Councilman Fred Shorett, who voted against ...
    07/19/2012 - 2:43 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 - 10:00 pm | View Link
  • SAN BERNARDINO: Council votes again for bankruptcy
    After more than a week of anguished debate over a fiscal crisis that could leave San Bernardino unable to pay its bills, City Council members on Wednesday, July 18, declared a fiscal emergency and agreed to file for bankruptcy protection. Mayor Pat Morris ...
    07/18/2012 - 12:27 pm | View Link
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