Bankruptcy Law 
Probe under way in San Bernardino bankruptcy – The Keene Sentinel
Law enforcement officials said Thursday they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it’s going to file for bankruptcy. The San Bernardino …
Sheriff, district attorney investigating city government in bankruptcy-bound San Bernardino – FOX News
That could exempt San Bernardino from a 60-day mediation period required under state law prior to a Chapter 9 bankruptcy filing. In the meantime, city officials are preparing a short-term budget to continue operations. Penman could file for …
San Bernardino Became Third California City in a Month to Declare Bankruptcy – jdsupra.com
The filing comes on the heels of filings by Stockton and Mammoth Lakes, which both filed for protection under federal bankruptcy law after budget shortfalls, municipal debt and growing pension problems became too financially burdensome. San Bernardino …
San Bernardino bankruptcy: Exacerbated by criminal acts? – The Christian Science Monitor
Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it was going to file for bankruptcy. The San Bernardino …
UPDATE 3-San Bernardino under investigation, mulls bankruptcy move – Reuters
A California law requires financially distressed municipalities to open talks with creditors as a way to avert a Chapter 9 bankruptcy filing, but negotiations may be skipped by declaring a fiscal emergency. On Monday, the city council will …
Bills, few options mean bankruptcy for Calif. city – Yahoo Finance
That could exempt San Bernardino from a 60-day mediation period required under state law prior to a Chapter 9 bankruptcy filing. In the meantime, city officials are preparing a short-term budget to continue operations. Penman could file for …
San Bernardino bankruptcy: Criminal probe underway – Los Angeles Times
Law enforcement officials said Thursday that they have an open criminal investigation regarding allegations of misconduct in the city government of San Bernardino, which announced this week it was going to file for bankruptcy. The San Bernardino …
Bankruptcy in California Isn’t Seen as a Trend – New York Times
But whether or not bonds are the trigger, they can be treated very differently under federal bankruptcy law than under the state laws that normally govern their issuance. General obligation bonds, for instance, are normally a city’s best …
Live Chat: How many other California cities face bankruptcy risk? – Los Angeles Times
By filing for Chapter 9 bankruptcy protection, a section of federal law for municipalities facing insolvency, the city will be able to renegotiate labor contracts, stall payments to creditors and insulate the city from large lawsuit judgments …
Baseball great pleads guilty to bankruptcy fraud – YAHOO!
Dykstra, who bought a mansion once owned by hockey star Wayne Gretzky, filed for bankruptcy three years ago … to manipulate and exploit both his creditors and the bankruptcy laws.” Court documents show Dykstra said he put an oven, sconces … Continue reading
