San Bernardino Officially Files for Bankruptcy Protection

San Bernardino officially filed for Chapter 9 bankruptcy protection in federal court Wednesday, just two weeks after the City Council declared insolvency after learning the city would be too broke to make payroll this summer.
August 2, 2012 AT 11:07 AM

San Bernardino officially filed for Chapter 9 bankruptcy protection in federal court Wednesday, just two weeks after the City Council declared insolvency after learning the city would be too broke to make payroll this summer.