Chicago Area Court Is No. 1 In Bankruptcy FilingsThe court says it had 47,535 case filings in the 12-month period ending March 31, overtaking the Bankruptcy Court for the Central District of California.
Sports Authority Files For Bankruptcy, Will Close 140 StoresOne of the nation’s largest sporting goods retailers, Sports Authority, has announced plans to close or sell about 140 stores, and two distribution centers, including one in Romeoville, as it files for Chapter 11 bankruptcy protection.
Crumbs Bake Shops Close, Company Could Seek BankruptcyGourmet cupcake shop Crumbs Bake Shop has shut down all its stores, including two in Chicago, in the wake of multimillion dollar losses.
Developer Of Spire Seeking To Revive 2,000-Foot Skyscraper ProjectAn ambitious plan to build a 2,000-foot skyscraper in Streeterville could be getting new life, after the developer of the Chicago Spire reportedly found an investor to help it emerge from bankruptcy.
Company That Supplies Chicago's Bike-Sharing Program Files For Bankruptcy: ReportThe news casts a shadow on the city of Chicago’s plans to widely expand Divvy here, the Sun-Times reports.
Conservative Watch Dog: Pensions Could Bankrupt Illinois By 2015A conservative watch dog group is warning of dark days ahead for the entire state unless Illinois mends it's financial ways, and soon
Feds: Drivers Faked Bankruptcy To Avoid Auto Impound FeesIn a city well-practiced in the way of scams, this is a new one.
Tribune Co. Leaves Bankruptcy After 4 YearsTribune Co. emerged from a Chapter 11 restructuring Monday, more than four years after the media company sought bankruptcy protection.
Former Exec Accused Of Bilking Tribune Out Of $260,000A federal grand jury has accused a 39-year-old woman of defrauding Chicago-based Tribune Co. during its lengthy bankruptcy.
More Than 100 Potential Buyers Interested In Hostess Brand, Bankrupt Bakery SaysThe update on the sale process came as Hostess also received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals to bring down costs during the liquidation.
Hostess Says Talks To Stave Off Shutdown FailHostess Brands Inc. lived to die another day.
New Hope For Hostess In Bankruptcy CourtHostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.