Wednesday, July 18, 2012

Reuters: Bankruptcy News: San Bernardino, California declares fiscal emergency

Reuters: Bankruptcy News
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San Bernardino, California declares fiscal emergency
Jul 19th 2012, 02:12

SAN BERNARDINO, Calif., July 18 | Wed Jul 18, 2012 10:12pm EDT

SAN BERNARDINO, Calif., July 18 (Reuters) - San Bernardino, California's city council declared a fiscal emergency on Wednesday, paving the way for the financially troubled Los Angeles community to file for bankruptcy without first holding talks with its creditors.

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