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.

  • San Bernardino: A year under bankruptcy cloud
    SAN BERNARDINO -- A year ago today, City Council members surprised many residents by making what some described as the hardest decision they would make while in office: They authorized city officials to file for Chapter 9 bankruptcy protection. Some city ...
    07/9/2013 - 6:47 pm | View Link
  • 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
  • San Bernardino City Council declares fiscal emergency, votes to file bankruptcy
    The City Council of San Bernardino, California ... 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 approximately ...
    07/18/2012 - 11:38 pm | View Link
  • San Bernardino declares fiscal emergency, approves bankruptcy
    Catch up: Read more about the San Bernardino financial crisis ... of fiscal emergency and directing staff to file for Chapter 9 bankruptcy protection. The two votes, both 5-2, came eight days after the council first voted to allow City Attorney James ...
    07/17/2012 - 8:01 pm | View Link
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