Bankruptcy
Jul. 17, 2013
San Bernardino seeks ruling on bankruptcy eligibility
Nearly a year after filing for bankrtupcy, San Bernardino city leaders want to know once and for all whether the city is eligible for Chapter 9 protection. A judge is set to hear arguments next month on the municipality's eligibility.
Daily Journal Staff Writer
Nearly a year after filing for bankruptcy, San Bernardino city leaders want to know once and for all whether the city is eligible for Chapter 9 protection.
A U.S. bankruptcy judge is set to hear arguments next month on the municipality's eligibility as part its motion for summary judgment. The biggest obstacle, according to San Bernardino City Attorney James Penman, is fighting pension giant Califo...
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