The judge overseeing San Bernardino, Calif.’s municipal bankruptcy said yesterday that she would approve the city's plan to restructure its finances, a spokeswoman for the city told Reuters. An official confirmation order is expected by late January, spokeswoman Monica Lagos added. Bankruptcy Judge Meredith Jury in recent months has been signaling support for the Southern California city's plan to emerge from Chapter 9 bankruptcy after four years. The plan involves slashing bondholder debt and retiree healthcare costs while protecting pensions. San Bernardino's financial restructuring also includes folding its fire department into San Bernardino County's fire services district as a cost-cutting measure.
