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:
  • San Bernardino Seeks Help to Pay $1 Million in Costs From Shooting
    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 ...
    12/15/2015 - 1:00 am | View Link
  • San Bernardino seeks help to pay $1 million in costs from shooting
    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 - 9:00 pm | View Link
  • Exclusive: San Bernardino has defaulted on $10 million in bond payments
    "Down the road, the city may find that the capital market is unavailable to it or that it will be penalized at a very high rate when it seeks to borrow," he said. San Bernardino, a city of 205,000 located 65 miles east of Los Angeles, declared bankruptcy ...
    03/17/2015 - 6:34 am | View Link
  • SAN BERNARDINO: City employee to run for mayor
    A San Bernardino public works employee became the first person ... He said his newcomer status may help him in the city’s current economic climate as it seeks bankruptcy protection. “Due to the bankruptcy, people may be fed up with the current status ...
    12/7/2012 - 6:21 am | View Link
  • Bankrupt San Bernardino to halt payments to Calpers, bondholders
    SAN BERNARDINO, California (Reuters) - Bankrupt San Bernardino, California, voted on Monday to present a plan to a bankruptcy judge that seeks to balance its budget through deferring payments to the state's public employee pension fund and to the city's ...
    11/26/2012 - 8:22 am | View Link
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