(CBS File Photo)

Judge Hopes Public Auction Will Revive Moo & Oink

A federal bankruptcy judge has ordered a public auction of the iconic Moo & Oink grocery store chain, which shut down in September.

CBS Chicago–11/15/2011

Casino Gambling

Bankrupt Indiana Casinos In Hands Of Investment Firm

A Minnesota investment firm has taken over two northwestern Indiana casinos as the casino company continues going through bankruptcy reorganization.


Sharon Bialek attends a news conference to accuse Republican presidential candidate Herman Cain of sexual harassment more than a decade ago on November 7, 2011 in New York City. Bialek is the fourth woman to accuse Cain of inappropriate behavior when he was while CEO of the National Restaurant Association. She stated she is speaking out because she wanted to give "a face and a voice" to support the other accusers who have remained anonymous. (Photo by Spencer Platt/Getty Images)

Cain Accuser Bialek Has History Of Bankruptcy, Financial Trouble

So far, Chicago native Sharon Bialek is the only one of four women who have accused Republican presidential candidate Herman Cain of sexual harassment to speak out publicly about the allegations. Now, a day after she came forward, we are learning more about her and her reasons for going public.

CBS Chicago–11/08/2011

File Photo Of Chicago Tribune Tower (Tasos Katopodis/Getty Images)

Judge Rejects Tribune Plan To Emerge From Bankruptcy

The Tribune Company bankruptcy case remains unsettled, after a federal judge rejected the latest plans.

CBS Chicago–11/01/2011

(CBS File Photo)

Former Moo & Oink Workers Fighting To Get Unpaid Benefits

Former employees of Moo & Oink meat markets have been fighting to force the chain to pay them pension and health benefits they are still owed from the months before Moo & Oink stores started closing.

CBS 2–09/27/2011


Big Discounts As Remaining Borders Bookstores Prepare To Close

Beginning Friday, everything at the remaining Borders bookstores is 40 percent off.

CBS Chicago–07/22/2011

Romeoville residents Robert and Marcella Jones say too many homes in their neighborhood are for sale or in foreclosure and many owners are just walking away from their mortgages. (Credit: CBS)

More Homeowners Walking Away From Upside Down Mortgages

You’re underwater, you’re upside down, but you’re not in foreclosure. You can afford the monthly payment on your home, but it’s eating up most of your income. That’s the situation for many homeowners and as CBS 2’s Dorothy Tucker reports some are choosing to give up their homes.

CBS 2–07/19/2011


Once Heralded As Economic Boons, Borders Stores To Disappear

Not too many years ago, gleaming new Borders bookstores were heralded as catalysts for development in many neighborhoods. But soon, they will all be gone.

CBS Chicago–07/19/2011

Pedestrians pass by a Borders book store with signs announcing that it will be cloing its doors, March 4, 2001 in Washington, DC. (MANDEL NGAN/AFP/Getty Images)

Borders Writes Its Own Ending With Liquidation Plan

With no viable bids to buy the troubled book retailer, Borders seeks court approval to liquidate its surviving 400 stores, bringing an end to a chain that until early this year had several stores in the Chicago area.


Los Angeles Dodgers

Report: MLB Likely To Seize Dodgers

Dodgers owner Frank McCourt may have won the first round in a bankruptcy court fight with Major League Baseball, however the two sides are gearing up for what could be a protracted battle for control of one of the most storied teams in baseball.

CBS Chicago–06/29/2011

Frank McCourt

Dodgers File For Bankruptcy

The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming the refusal of Major League Baseball to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat.

CBS Chicago–06/27/2011

File Photo Of Chicago Tribune Tower (Tasos Katopodis/Getty Images)

Final Hearing To Begin For Tribune Bankruptcy Case

A two-week hearing begins Monday to determine the fate of Tribune Company.

CBS Chicago–03/07/2011


Giordano’s Pizzeria Files For Bankruptcy

Chicago-based Giordano’s Pizza has filed for Chapter 11 bankruptcy protection, but wants to keep the business running during its reorganization.

CBS Chicago–02/18/2011


Report: Wal-Mart Might Be Interested In Old Borders Sites

A retail expert says Chicago’s soon-to-close Borders bookstores might open up opportunities for Wal-Mart, according to a published report.

CBS Chicago–02/17/2011


Borders To Close 5 Stores In Chicago, More In Suburbs

Borders Books filed for Chapter 11 bankruptcy protection today, and will be closing five stores in the city of Chicago and three more in the suburbs.


Judy Baar Topinka (Photo From Judy Baar Topinka Website)

Topinka: Bankruptcy For Illinois A Bad Idea

Illinois Comptroller Judy Baar Topinka says the state should not even think about bankruptcy.

CBS Chicago–02/15/2011

Getty Images

Local YMCA Files For Bankruptcy Protection

The YMCA of McHenry County has filed for Chapter 11 bankruptcy protection, citing the recession and a decline in membership as the main reasons.

WBBM Newsradio–01/29/2011

Mark Kirk

Kirk: Bankruptcy Should Be Option For States

Freshman U.S. Sen. Mark Kirk (R-Ill.) says bankruptcy should be considered as an option for some states – such as Illinois – looking to get out from under crushing debt.

WBBM Newsradio–01/21/2011

(Credit: Tim Boyle/Getty Images)

Milwaukee Archdiocese Files For Bankruptcy

The Catholic Archdiocese of Milwaukee has directed its attorneys to file for Chapter 11 bankruptcy, saying that pending sexual-abuse lawsuits have left it with financial claims that exceed its means.

CBS Chicago–01/04/2011

Phil Pagano (AP Photo)

Pagano Widow Seeks Bankruptcy

He made $240K a year before committing suicide. The widow of Metra exec Phil Pagano says he left her broke and more than $1 million in debt.