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.

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  • 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 - 2:34 pm | View Link
  • Near-bankrupt San Bernardino votes to suspend debt payments
    San Bernardino, the third California city planning to file for bankruptcy since June, voted to stop debt payments, freeze vacant jobs and quit paying into a retiree health fund under a three-month emergency proposal submitted to the city council on Tuesday.
    07/23/2012 - 1:00 pm | 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 City Council votes 5-2 to move forward with bankruptcy
    The San Bernardino City Council on ... with declaring bankruptcy after finding that a cash flow situation is so dire that a fiscal emergency exists. The vote means that the city of San Bernardino will move forward with its plans to file for Chapter 9 ...
    07/18/2012 - 1:00 am | View Link
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