Washington Prime Group, Parent Company Of Lincolnwood Town Center Mall, Files For BankruptcyLess than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall’s parent company has filed for bankruptcy.
State Agency Approved Sale Of Mercy Hospital To Non-ProfitMercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
U.S. Supreme Court Hears Case On Whether Drivers Can Get Cars Back From Chicago Auto Pound After Filing For BankruptcyThe U.S. Supreme Court is deciding whether drivers can get their cars back from the city auto pound after they file for bankruptcy.
Neiman Marcus Becomes 2nd Major Retailer To Seek Chapter 11
J.Crew Files For Chapter 11 As Pandemic Chokes Retail SectorMore retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C. Penney also facing problems. Gap Inc. has warned it is running out of cash and is looking for an infusion.
Airlines Will Offer Fewer Choices And Higher Fares After The Coronavirus Crisis
Employees Of Bankrupt Art Van Furniture Have Jobs, Benefits Terminated With COVID-19 Crisis HittingEmployees at the bankrupt Art Van furniture stores were slapped with termination papers amid the COVID-19 outbreak.
As Art Van Furniture Files For Bankruptcy, Customer Complains He Can't Get Furniture He OrderedArt Van furniture has filed for Chapter 11 bankruptcy and is offering huge savings. But as CBS 2’s Jermont Terry reported Monday night, some customers at the Downers Grove store just want what they already paid for.
Boy Scouts Of America Files For Bankruptcy ProtectionSexual abuse lawsuits are forcing the Boy Scouts of America to file for bankruptcy protection.
Pier 1 Imports To Close Up To 450 Stores Amid Possible BankruptcyThe home goods retailer has been struggling for years against rising pressure online and from big-box rivals. Its stock, which was at $300 a share in 2015, is trading at around $5 today.
Season’s Greetings At Sears: Dingy Shops, Sparse ShelvesSears once towered over the retail landscape but has been on a slow decline for years. Lampert combined Sears and Kmart in 2005, pledging to return Sears to greatness. That didn’t happen. Sears was hit hard during the recession a decade ago and never recovered.
Parishioners See Miracle In Weeping Virgin Mary At Holy Trinity Greek Orthodox Church Facing ForeclosureThe church’s caretaker first saw what appears to be oil or some other type of liquid streaming from the Virgin Mary’s eyes on Sunday.
Sears And Kmart Closing 26 More Stores In October
Westlake Hospital Files For BankruptcyThe owner of a suburban Chicago hospital whose attempt to close the facility because of a lack of patients was halted by a court order has declared bankruptcy.
Barneys Seeks Bankruptcy Protection, Closes Stores Including Chicago LocationsStores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.