San Bernardino’s Bankruptcy Reaches Two-Year Mark, QuietlyJuly 31, 2014 – In The News
Michael A. Sweet was quoted in The Sun article, “San Bernardino’s Bankruptcy Reaches Two-Year Mark, Quietly.” Full text can be found in the July 31, 2014, issue, but a synopsis is below.
The second anniversary of San Bernardino’s Chapter 9 filing quietly passed this week. When the city’s time in bankruptcy is brought up, many often wonder what’s changed.
“It’s amazing how quickly Detroit has moved and how slowly San Bernardino has moved, when you compare the two,” said Michael Sweet. “San Bernardino is much smaller, and one would have thought could have gotten to a plan a lot faster, and in fact it’s Detroit that’s potentially going to be in and out in 18 months.”