November 18, 2014
Bond creditors upset with the pace of San Bernardino, California's debt restructuring efforts convinced a bankruptcy judge on Tuesday to fix a May 30 deadline for the city of 214,000 to file a plan for ending its stay in Chapter 9, which has now lasted 28 months.
November 06, 2014
The city of San Bernardino, California, urged a federal bankruptcy judge Thursday not to set an arbitrary end date for its Chapter 9 plan negotiations, saying it would be meaningless to set the deadline, requested by a bank and an insurer, when employees and other creditors were not yet on board.
November 05, 2014
A California bankruptcy court on Tuesday signed off on the bankrupt city of San Bernardino's rejection of its union contract with firefighters, saying it provides a significant boost to the city's financial rehabilitation, with only a modest impact on workers.
October 23, 2014
A bank and an insurer urged the judge handling San Bernardino, California's two-year-old bankruptcy case on Wednesday to fix a March 1 deadline for the city to submit a Chapter 9 exit plan, saying that a firm timeline will pressure recalcitrant unions into accepting benefit cuts.
June 18, 2014
San Bernardino has reached a tentative deal with the California Public Employees' Retirement System that will help form the basis of a plan to restructure the city's debt and allow it to exit bankruptcy, according to a Tuesday court filing.
March 13, 2014
A California bankruptcy judge on Thursday granted the city of San Bernardino, Calif., more time to reject or assume some of its leases of nonresidential property, the latest lease-related extension in the city's Chapter 9 bankruptcy.
February 26, 2014
The Ninth Circuit on Wednesday ruled that it would hear a California pension system's appeal over the city of San Bernardino's being allowed to move forward with its bankruptcy case, ruling that the appeal will be heard in August.
December 16, 2013
A California federal judge on Friday let the state's pension system appeal directly to the Ninth Circuit over the city of San Bernardino's being allowed to move forward with its bankruptcy case, ruling the appeals court could help settle questions of law related to the case.
November 08, 2013
California's state pension system on Thursday again urged a California bankruptcy judge to certify its appeal to the Ninth Circuit of an order allowing the city of San Bernardino to move forward with its bankruptcy, saying the appeals court's precedent is inconsistent with the judge's ruling.
October 25, 2013
The California State Controller's Office and Department of Finance on Thursday asked a California federal judge to reverse a bankruptcy court's finding that the Tenth and Eleventh amendments do not bar a suit against the agencies brought by the bankrupt city of San Bernardino.