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.

BING NEWS:
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    Officials in San Bernardino, which has been struggling to recover from bankruptcy over the last three years, are hopeful that added costs from its response to the deadliest terrorist attack on U.S. soil since 9/11 will not further erode the city's delicate ...
    12/14/2015 - 11:00 am | View Link
  • San Bernardino seeks residents’ input on bankruptcy
    SAN BERNARDINO >> City officials have begun work on a long-term plan to move the city through bankruptcy, but today they’re looking for a critical piece. They want you. Beginning at 6 p.m., the City Council will ask residents and other members of the ...
    09/22/2013 - 8:39 am | View Link
  • San Bernardino Seeks Judgment from Court Over Bankruptcy Eligibility
    The most basic question of San Bernardino’s bankruptcy remains unsettled: are they eligible. After millions of dollars in legal fees and months of court action, the City seems to be losing its patience and has asked the judge to finally settle the first ...
    07/9/2013 - 1:00 pm | View Link
  • SAN BERNARDINO: City seeks judge's ruling on bankruptcy
    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 ...
    07/7/2013 - 8:56 pm | View Link
  • Bankrupt San Bernardino seeks renegotiation of Calpers debt
    (Reuters) - Bankrupt San Bernardino, California ... that could have far-reaching implications for the fund and other creditors in the bankruptcy proceedings. San Bernardino's interim city manager released the city's "pendency plan" - in effect its ...
    11/18/2012 - 11:00 am | View Link
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    Rep. Pete Aguilar speaks at an interfaith prayer vigil at the Islamic Center of Redlands two weeks after the fatal shooting in San Bernardino that killed 14.
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  • SAN BERNARDINO: Bankruptcy plan hurts those injured by ...
    The city of San Bernardino hopes that a provision of its bankruptcy-exit plan will erase more than $49 million from the books by allowing it to pay only 1 percent
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