Third California City Files for Bankruptcy

On August 1, 2012, San Bernardino, California filed for bankruptcy protection.  This California City, consisting of 210,000 residents, is the third in the State to recently file, following Stockton and Mammoth Lakes.  More details regarding Stockton’s filing as well as municipal bankruptcies in general can be seen in earlier submissions to this site.  See California City Declares Bankruptcy; Would Filing Bankruptcy Help Detroit; Chapter 9 – […]

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