San Bernardino seeks bankruptcy protection
San
Bernardino, facing the possibility of missing payroll, becomes California's
third city in weeks to authorize a bankruptcy filing.
By Phil Willon, Los Angeles Times
July 10, 2012, 11:17 p.m.
San Bernardino on Tuesday became the
third California city in less than a month to seek bankruptcy protection, with
officials saying the financial situation had become so dire that it could not
cover payroll through the summer.
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