San Bernardino Seal

Those who have filed claims against the city would receive 1 percent of what they’re owed under the insolvency proposal

Published: Jan. 22, 2016
Updated:   Jan. 23, 2016 – 9:06 p.m.

The city of San Bernardino hopes that a provision of its bankruptcy-exit plan will erase more than $49 million from the books by allowing it to pay only 1 percent – $500,000 – to its unsecured creditors.

To read story by Brian Rokos in The Press-Enterprise, click here.