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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    LOS ANGELES (CBSLA.com) — San Bernardino City Manager Mark Scott says it’s time ... about $20 million — a considerable expense for a city in its fifth year of bankruptcy. It’s unclear how the retrofit would be financed. Scott is hoping for ...
    10/4/2016 - 2:03 pm | 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: 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
  • San Bernardino Seeks Ruling It’s Eligible for Chapter 9
    San Bernardino asked a bankruptcy judge to set aside the objections of two public employees’ pension funds and rule that the California city is eligible for Chapter 9 protection. Lawyers for the city filed a request for summary judgment yesterday in U.S ...
    07/5/2013 - 1:01 pm | View Link
  • San Bernardino Bankruptcy: California City Seeks Protection From Creditors In US Bankruptcy Court
    The California city of San Bernardino filed for bankruptcy on Wednesday, citing more than $1 billion of debts. The filing makes it the third California city to seek protection from creditors in recent weeks. With more than 200,000 residents on the eastern ...
    08/1/2012 - 11:01 pm | View Link
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