Fillings

Snakebitten in Present, California Bond Investors Speed Toward Future - Wall Street Journal

07/12/12

That is exactly the situation in California, where sandwiched between the bankruptcy filings of Stockton and San Bernardino was a state Senate vote to approve bond issuance for the first leg of what is conservatively estimated to be a $68 billion bullet train.

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San Bernardino filing for bankruptcy - San Francisco Gate

07/11/12

San Bernardino's City Council voted to become the third California municipality this year to seek bankruptcy protection after officials learned they might not have enough cash to pay workers. The council voted 4-2 Tuesday night to authorize filing under ...

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Los Angeles, South Bay cities have taken steps to avoid bankruptcy - San Jose Mercury News

07/11/12

Gardena, which did not have a redevelopment agency, is still on the rebound from a financial disaster that nearly prompted a Chapter 9 bankruptcy filing about seven years ago. Bankruptcy was considered after Gardena amassed $25.5 million in debt ...

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Another California city, another bankruptcy as San Bernardino joins Stockton, Mammoth Lakes - Washington Post

07/11/12

Penman said the city is likely to declare a financial emergency on Monday, but it was not clear when the formal bankruptcy filing would come. Marcus Nelson, owner of a local barber shop, wasn’t surprised by the announcement, noting there are ...

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US Airways Backs AMR Bid for More Bankruptcy Filing Time - Bloomberg

07/11/12

US Airways Group Inc. (LCC), which seeks a merger with AMR Corp.’s American Airlines, backs the carrier’s request for more time to develop a bankruptcy restructuring plan. American has asked U.S. Bankruptcy Judge Sean Lane in Manhattan to ...

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Solar bankruptcies: Why Colorado’s Abound isn’t Solyndra - Denver Post

07/11/12

Last week’s bankruptcy filing by Loveland, Colorado-based Abound Solar may have looked like a replay of Solyndra – another thin-film solar panel maker with a big federal loan guarantee going belly-up. But that glosses over some important ...

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San Bernardino, Stockton took different routes to bankruptcy - Los Angeles Times

07/11/12

Stockton became the nation's largest city to file for bankruptcy in late June after three months ... with dozens of financial attorneys and union representatives before filing. A paper analyzing the process called it "Death by a Thousand Meetings."

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San Bernardino Council Votes to File Bankruptcy - New York Times

07/11/12

Under a California law passed this year, cities must hire a third-party mediator to negotiate with employee unions and creditors before filing for Chapter 9 bankruptcy protections. However, cities can avoid this mediation process if they instead ...

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San Bernardino Bankrupt. Up Next: Scranton? - ABC News

07/11/12

The drumbeat of cities filing bankruptcy grows louder: San Bernardino has become the third California city in two weeks to go bust, after Stockton (the biggest U.S. city so far to file) and the small Sierra hamlet of Mammoth Lakes. The L.A ...

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Municipal bonds discount San Bernardino bankruptcy - Marketwatch

07/11/12

Read more on San Bernardino bankruptcy filing. Defaults — which a bankruptcy filing doesn’t even necessarily portend — are exceedingly rare among investment-grade municipal bonds. Cities and counties face huge pressures from weak revenues ...

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