Bankruptcy
Jun. 21, 2014
San Bernardino takes heat for slow pace of bankruptcy proceedings
Despite reaching a milestone agreement last week with its largest creditor, city of San Bernardino took heat Thursday for the slow pace with which the municipality is inching toward emerging from bankruptcy.
Daily Journal Staff Writer
RIVERSIDE - Despite reaching a milestone agreement last week with its largest creditor, the city of San Bernardino took heat Thursday for the slow pace with which it's inching toward emerging from bankruptcy.
It will be two years in August since the 200,000-resident city filed for bankruptcy amid suffocating pension and labor costs. After months of confidential mediation, San Bernardino's lawye...
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