San Bernardino Bankruptcy Plans Rejected By Court

San Bernardino, CA has been in the national headlines over the past few weeks, and now it is in the news again albeit for another worrying (but  more positive?) development. Over the holiday week a bankruptcy judge rejected a plan submitted by government leaders in San Bernardino, CA who requested to exit chapter 9 bankruptcy, highlighting a growing national and international issue that is only likely to compound in the future. Proposed San Bernardino bankruptcy repayment plan mostly sticks bond holders, doesn’t raise taxes and is rejected In the U.S. Bankruptcy Court in the Central District of California, the embattled city, the…