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Battered San Bernardino is one step closer to exiting years-long bankruptcy

Battered San Bernardino is one step closer to exiting years-long bankruptcy

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...

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