The city listed assets and debts of over $1bn, court documents show, and becomes the third in the state to go bust in just over one month.
Mayor Patrick Morris said San Bernardino filed for Chapter 9 to avoid legal action from creditors.
In June, Stockton filed for bankruptcy, followed by Mammoth Lakes in July.
The city council of San Bernardino approved the decision to file for bankruptcy protection last month.
As well as having an estimated 5,000 homes repossessed, San Bernardino is struggling with an unemployment rate close to 16%, almost double the national average.
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