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WSLG153 – Declaring Fiscal Emergency, San Bernardino Plans to Bypass California?s Mediation Process and Proceed to Chapter 9 – 8/10/2012

WSLG153 – Declaring Fiscal Emergency, San Bernardino Plans to Bypass California?s Mediation Process and Proceed to Chapter 9 – 8/10/2012 published on No Comments on WSLG153 – Declaring Fiscal Emergency, San Bernardino Plans to Bypass California?s Mediation Process and Proceed to Chapter 9 – 8/10/2012

Author: Carol A. Pettit

Pages: 2

On July 10, the city council in San Bernardino voted to embark on a path to chapter 9 municipal bankruptcy. One week and one day later, it voted to declare a fiscal emergency that would allow it to quickly file a chapter 9 petition without going through the otherwise mandatory ?neutral evaluation process? that could last as long as 90 days. An earlier post outlines the requirements of that process.

 

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