San Bernardino Seeks Bankruptcy Protection

San Bernardino, facing the possibility of missing payroll, becomes California's third city in weeks to authorize a bankruptcy filing.San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer.

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    01/26/2017 - 9:06 am | View Link
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    The bankrupt southern California city of San Bernardino is looking to exit court protection with a plan that pays some bondholders a penny on the dollar but maintains pension benefits for retired city workers. Read the Daily Bankruptcy Review article here.
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    San Bernardino officials are urging a federal bankruptcy judge to find that the city is eligible for Chapter 9 protection, saying the cityâ s survival depends on it. The cityâ s bankruptcy attorneys filed a motion for summary judgment on Friday ...
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  • Bankrupt San Bernardino seeks renegotiation of Calpers debt
    San Bernardino's interim city manager released the city's "pendency plan" - in effect its operating budget while it seeks bankruptcy protection under Chapter 9 of the bankruptcy code. As part of the plan, the city seeks a renegotiation of its debt to the ...
    11/18/2012 - 11:00 am | View Link
  • San Bernardino seeks bankruptcy protection
    San Bernardino on Tuesday became the third California city in less than a month to seek bankruptcy protection, with officials saying the financial situation had become so dire that it could not cover payroll through the summer. The unexpected vote came at ...
    07/11/2012 - 12:29 pm | View Link
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