San Bernardino Council Votes To File For Bankruptcy Protection

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:
  • 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 - 6:34 pm | View Link
  • San Bernardino City Council declares fiscal emergency, votes to file bankruptcy
    Los Angeles (CNN)-- The City Council of San Bernardino, California, declared a fiscal emergency ahead of a planned bankruptcy filing, a move that allows officials to bypass a 60-day mediation period with creditors that is mandated by the state. The seven ...
    07/18/2012 - 10:54 pm | View Link
  • San Bernardino declares fiscal emergency, approves bankruptcy
    SAN BERNARDINO -- The City Council took what several members called the hardest decision of their professional lives Wednesday, formally declaring a state of fiscal emergency and directing staff to file for Chapter 9 bankruptcy protection. The two votes ...
    07/17/2012 - 5:00 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 ...
    07/17/2012 - 1:00 pm | View Link
  • Third City In California Votes to Seek Bankruptcy
    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 - 12:59 pm | View Link
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BING SEARCH:
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  • City of San Bernardino
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