RIVERSIDE, Calif. – A federal bankruptcy judge has tentatively ruled to grant the cash-strapped city of San Bernardino bankruptcy protection.
The San Bernardino County Sun reported Wednesday that Judge Meredith Jury issued her tentative ruling in Riverside before listening to oral arguments from attorneys.
The newspaper says Jury could rule Wednesday or wait to make a final decision.
The California Public Employees' Retirement System is the only creditor objecting to the city's Chapter 9 filing. The pension system says the city ignored warnings about an impending financial crisis and didn't budget wisely.
San Bernardino sought bankruptcy protection last year, trailing similar filings by the California cities of Stockton and Mammoth Lakes.