News

Sheriff, DA, police investigating city government in bankruptcy-bound San Bernardino - Washington Post

07/13/12

where city officials voted this week to take the rare step of filing for bankruptcy. Sheriff-Coroner Rod Hoops said in a statement the investigation began at the request of city officials several months ago.

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Judge to confirm reorganization plan for The Glebe - Roanoke Times

07/13/12

A federal bankruptcy court judge in Roanoke confirmed Thursday a financial reorganization plan that paves the way for The Glebe, a continuing care retirement community in Daleville, to emerge from Chapter 11 bankruptcy. After a hearing in the U.S ...

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Bankruptcy in California Isn’t Seen as a Trend - New York Times

07/12/12

San Bernardino’s vote to authorize a bankruptcy filing came after filings this summer by the California cities of Stockton and Mammoth Lakes. Those cities were following Vallejo, which emerged from bankruptcy in 2011, after a three-year ...

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Bills, few options mean bankruptcy for Calif. city - Yahoo Finance

07/12/12

Bankruptcy experts say the decision in San Bernardino — some 60 miles east of Los Angeles — could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations ...

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San Bernardino Bankruptcy Means Many Bills, Few Options - Huffington Post

07/12/12

Bankruptcy experts say the decision in San Bernardino – some 60 miles east of Los Angeles – could sound an alarm to cities across the state and country that are grappling with weak property and sales tax revenues as their pension obligations ...

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Criminal probe under way in San Bernardino bankruptcy case - Sacramento Bee

07/12/12

SAN BERNARDINO, Calif -- SAN BERNARDINO, Calif. - Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it ...

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Bergstein, Tutor lose appeal in bankruptcy case - Hollywood Reporter

07/12/12

David Bergstein and Ronald Tutor have lost a round in their legal battle over the involuntary bankruptcy of five companies that Bergstein once controlled, including Capitol, ThinkFilm and their holding company R2D2. A federal appeals court on Thursday ...

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The Republic reopens after filing for bankruptcy protection - Richmond Times-Dispatch

07/12/12

The Republic Restaurant and Bar closed for 10 days but reopened Thursday after filing for bankruptcy protection Wednesday. The popular restaurant, across from Pleasants Hardware on West Broad Street in Richmond, listed assets of $50,000 or less ...

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Bankruptcy in California Isn’t Seen as a Trend - New York Times

07/12/12

San Bernardino’s vote to authorize a bankruptcy filing came after filings this summer by the California cities of Stockton and Mammoth Lakes. Those cities were following Vallejo, which emerged from bankruptcy in 2011, after a three-year ...

[more]

Russian River Vineyards fights liquidation effort - Santa Rosa Press Democrat

07/12/12

A federal trustee wants to convert the bankruptcy from Chapter 11, which has allowed the company to continue operating while it develops a repayment plan, to Chapter 7, which would force it to sell its assets and shut down. A hearing in the ...

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