Bankruptcy « CBS Los Angeles

Group Launches Effort To Recall San Bernardino Mayor, City Council

A group of community residents and business leaders in San Bernardino launched an effort Thursday to recall the city’s mayor and other top officials.

2013/05/02

Founder of the Crystal Cathedral, Rev. Robert H. Schuller (credit: CBS)

Crystal Cathedral Founder Seeks $5M From Church

The aging founder of the Crystal Cathedral is in court seeking more than $5 million from the ministry he built from scratch in a dispute that has delayed millions in payments to creditors left short-handed when the church filed for bankruptcy two years ago.

CBS2 / KCAL9–2012/11/02

San Bernardino Council Meets With City Departments To Discuss Budget Cuts

The San Bernardino City Council is meeting with several city departments Tuesday to discuss cutting jobs and costs.

CBS2 / KCAL9–2012/09/04

San Bernardino Considers Reducing Police And Fire Protection Due To Bankruptcy

The bankrupt city of San Bernardino is considering a plan to reduce police and fire protection in order to cut $18 million from its budget.

CBS2 / KCAL9–2012/09/03

Bankrupt City Of San Bernardino Votes To Borrow To Make Payroll

San Bernardino city officials have voted to borrow from restricted funds to be able to continue paying the salaries of city employees as the bankrupt city continues its severe financial struggles.

2012/08/29

San Bernardino Files For Chapter 9 Bankruptcy

San Bernardino officials say they’ve filed an emergency petition for Chapter 9 bankruptcy in response to the $45.8 million budget shortfall the city faces this year, making official a move the City Council approved last month.

CBS2 / KCAL9–2012/08/01

Duarte Nears Fiscal Emergency, But Downplays Bankruptcy Fears

The move would allow the city to ask voters to approve a proposed increase of up to a half-percent sales tax that could raise as much as $1.9 million.

2012/07/31

Jurupa Valley May Shut Down By Next Year

The next California city to declare bankruptcy might be one of the state’s newest cities.

CBS2 / KCAL9–2012/07/30

San Bernardino Vote OKs Move Toward Bankruptcy

The city of San Bernardino has declared a fiscal emergency to avoid a lengthy mediation process and head straight to federal bankruptcy court.

2012/07/18

City Of Compton To Consider Bankruptcy

The city of Compton is reportedly facing bankruptcy following an announcement at a City Council meeting Tuesday night.

CBS2 / KCAL9–2012/07/18

City Council To Declare Fiscal Emergency In San Bernardino

Lawmakers in San Bernardino were expected to declare a fiscal emergency on Monday as the city inches closer toward bankruptcy.

2012/07/16

San Bernardino Police Chief Rob Handy (credit: CBS)

Police, Fire Chiefs: ‘Unknowns’ Won’t Stop San Bernardino Services

Authorities in San Bernardino pledged on Thursday to continue providing emergency services to residents just days after the city declared bankruptcy.

2012/07/12

Mayor: ‘Perfect Storm’ Led To San Bernardino Bankruptcy

The mayor of San Bernardino on Wednesday blamed the city’s bankruptcy filing on an economic “perfect storm” as officials warned of widespread budget cuts.

2012/07/11