After four long, painful years, San Bernardino will soon emerge from bankruptcy.
A federal judge on Tuesday said she would approve the city’s plan to exit bankruptcy, marking a major step toward the end of the process for San Bernardino.
“This is a very important day for the city,” U.S. Bankruptcy Judge Meredith Jury said. “The city came in in financial chaos and it’s leaving in a much better place.”
Approval of the city’s plan to pay its creditors and restructure its finances was touted by officials as the start of a new era for the battered Inland Empire city, even as it faces a daunting list of challenges to truly...