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.

YAHOO NEWS: BING NEWS:
  • 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 - 10:54 am | View Link
  • San Bernardino City Council declares fiscal emergency, votes to file bankruptcy
    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-member council ...
    07/18/2012 - 10:55 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 - 10:01 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, 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
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