Larkin noted the concerns of San Bernardino's staff about the risk of the city not meeting its payroll in coming months may be eclipsed by concerns it could be frozen out of the muni debt market if it goes through with a bankruptcy filing. It may take San ...
TEL AVIV (MarketWatch) -- The city of San Bernardino, Calif., on Tuesday night voted to reorganize under Chapter 9 of federal bankruptcy law, becoming the third California city to decide to make that move in the past two weeks, media reports said.
Still, she urged them to do everything possible to avoid filing for bankruptcy. "This is lose, lose, lose all the way around. Residents will suffer. Businesses will suffer and city staff will suffer," Mallon, a member of the city's senior ...
SAN BERNARDINO - The City Council voted Tuesday night to authorize a bankruptcy filing. The vote gives City Attorney James F. Penman power to begin proceedings for Chapter 9 bankruptcy, which would free the city of much of its debt but maintain ...
SAN BERNARDINO - The City Council voted Tuesday night to authorize a bankruptcy filing. The vote gives City Attorney James F. Penman power to begin proceedings for Chapter 9 bankruptcy, which would free the city of much of its debt but maintain ...
Mayor Patrick Morris agreed that the city needed to take "bold action" but stopped short of throwing his support behind filing for bankruptcy. Still, Morris, a former judge, said that under federal law the City Council would retain its ability ...
... 2008 that requires financially distressed local governments to seek mediation with creditors to try to avert a bankruptcy filing. Stockton, California, failed after three months of talks with its creditors to obtain concessions to close its ...
... 2008 that requires financially distressed local governments to seek mediation with creditors to try to avert a bankruptcy filing. Stockton, California, failed after three months of talks with its creditors to obtain concessions to close its ...
WASHINGTON — The Iowa-based brokerage firm that has been unable to account for $220 million in customer money is filing for Chapter 7 bankruptcy protection. Peregrine Financial Group filed in a Chicago court the same day that it was accused of fraud by ...
Facing a mounting budget deficit and dwindling tax revenue, the San Bernardino City Council on Tuesday is scheduled to consider drastic budget cuts, possibly filing for bankruptcy, to save the city from financial ruin. The city’s fiscal crisis ...
