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Bankruptcy

(CBS)

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.

08/29/2012

(credit: CBS)

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 / KCAL9–08/01/2012

(credit: CBS)

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.

07/31/2012

jurupavalley

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 / KCAL9–07/30/2012

(credit: CBS)

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.

07/18/2012

(credit: CBS)

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 / KCAL9–07/18/2012

(credit: CBS)

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.

07/16/2012

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.

07/12/2012

(credit: CBS)

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.

07/11/2012

(credit: CBS)

OC City Faces Bankruptcy, Unincorporation As Revenues Plunge

The city manager of Stanton says drastic reductions to public services are coming in the face of an annual deficit of over $2.8 million.

06/25/2012

Doug Pensinger/Getty Images Sport

Former NFL Running Back Has Bankruptcy Court Hearing Delayed

A bankruptcy court hearing in Atlanta for former Baltimore Ravens running back Jamal Lewis has been delayed.

06/05/2012

(credit: Noel Vasquez/Getty Images)

Suleman May Be Forced To Move After Court Tosses Her Bankruptcy Case

“Octomom” Nadya Suleman could soon be forced to move out of her La Habra home. Suleman’s bankruptcy case was tossed out of court after she reportedly failed fill out all of the necessary paperwork.

CBS2 / KCAL9–05/16/2012

Judge Otis Wright (credit: Facebook)

Federal Judge Who Made $171K Last Year Files For Bankruptcy

A federal judge in Los Angeles has filed for Chapter 7 bankruptcy because he’s unable to pay his existing debts.

04/26/2012

Los Angeles Dodgers owner Frank McCourt (credit: Kevork Djansezian/Getty Images)

Court Approves Sale Of Dodgers

CBS2’s Jim Hill is reporting the sale of the Dodgers has been approved by Judge Kevin Gross.

04/13/2012

(credit: ROBYN BECK/AFP/Getty Images)

Calif. Border Town Loses ‘Thousands’ Of Jobs After Solar Firm Files For Bankruptcy

For the second time in as many years, a California solar energy firm has gone bust on a federal loan.

04/03/2012

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