As San Bernardino heads into the third anniversary of its bankruptcy filing, battles with bondholders and its firefighters union signal an exit isn't near.

The city presented its bankruptcy exit plan to U.S. Bankruptcy Judge Meredith Jury on May 30. It has been negotiating with creditors regarding the terms of the plan of adjustment ever since. Court hearings are scheduled through Oct. 28 in the case. The next status hearing is slated for Sept. 8.

"The POB attorneys are concerned about the pace and substance of the debtor's production to date," said Vincent J. Marriott, of Ballard Spahr LLP.

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Bankruptcy, Reorganization and Capital Recovery