Washington Prime Group, Parent Company Of Lincolnwood Town Center Mall, Files For Bankruptcy

Less 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.

• Jun 14, 2021

State Agency Approved Sale Of Mercy Hospital To Non-Profit

Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.

• Mar 23, 2021

U.S. Supreme Court Hears Case On Whether Drivers Can Get Cars Back From Chicago Auto Pound After Filing For Bankruptcy

The U.S. Supreme Court is deciding whether drivers can get their cars back from the city auto pound after they file for bankruptcy.

• Oct 14, 2020

Neiman Marcus Becomes 2nd Major Retailer To Seek Chapter 11

• May 7, 2020

Airlines Will Offer Fewer Choices And Higher Fares After The Coronavirus Crisis

• Apr 1, 2020

Employees Of Bankrupt Art Van Furniture Have Jobs, Benefits Terminated With COVID-19 Crisis Hitting

Employees at the bankrupt Art Van furniture stores were slapped with termination papers amid the COVID-19 outbreak.

• Mar 25, 2020

As Art Van Furniture Files For Bankruptcy, Customer Complains He Can't Get Furniture He Ordered

Art 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.

• Mar 9, 2020

Boy Scouts Of America Files For Bankruptcy Protection

Sexual abuse lawsuits are forcing the Boy Scouts of America to file for bankruptcy protection.      

• Feb 18, 2020

Pier 1 Imports To Close Up To 450 Stores Amid Possible Bankruptcy

The 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.

• Jan 6, 2020

Season's Greetings At Sears: Dingy Shops, Sparse Shelves

Sears 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.

• Dec 4, 2019

Parishioners See Miracle In Weeping Virgin Mary At Holy Trinity Greek Orthodox Church Facing Foreclosure

The 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.

• Sep 10, 2019

Sears And Kmart Closing 26 More Stores In October

• Aug 8, 2019

Westlake Hospital Files For Bankruptcy

The 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.

• Aug 7, 2019

Barneys Seeks Bankruptcy Protection, Closes Stores Including Chicago Locations

Stores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.

• Aug 6, 2019

FTD, Founded 100 Years Before Swipe Right, Seeks Bankruptcy

Its other businesses, including ProFlowers, Shari's Berries and Personal Creations, will continue to operate.

• Jun 3, 2019

Sears Sues Former CEO Eddie Lampert, Accusing Him Of Siphoning $2 Billion As Company Faced Bankruptcy

Sears Holding Corp. has sued former chairman and CEO Eddie Lampert, and his hedge fund, ESL, accusing them of draining $2 billion from the company as it was headed into bankruptcy.

• Apr 18, 2019

Johnson Publishing Company, Known For 'Ebony,' 'Jet' Magazines, Files For Bankruptcy

Johnson publishing company, which created "Ebony" and "Jet" magazines, filed for bankruptcy this afternoon.

• Apr 9, 2019

Sears To Open First Batch Of Smaller Stores

The first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company's traditional stores.

• Apr 4, 2019

Financial Relief For Ex-HOBO Employees Hinges On Judge's Decision

Relief could be on the way to nearly 100 employees who owe thousands in unpaid medical bills after their former employer filed for bankruptcy.

• Mar 6, 2019

Parents Say 'Kids Day Of Fun' Was A Low-Budget Mess

Families looking to celebrate at Planet Fun this weekend, with Paw Patrol and Disney characters, felt the event was not what they paid for.

• Mar 5, 2019

Bankruptcy Judge Gives Sears Another Chance

Even with this latest reprieve, Sears' long-term survival remains an open question. Lampert hasn't put forth any specific reinvention plans and the company still faces cutthroat competition from Amazon, Target and Walmart.

• Feb 7, 2019

Judge Could Decide Sears' Future Today

The decision rests with US Bankruptcy Court Judge Robert Drain, who has been hearing the case since Sears filed for bankruptcy in October. Drain has repeatedly expressed a desire to save the jobs of as many of Sears' employees as possible.

• Feb 7, 2019

Sears Survives A Near-Death Experience, But For How Long?

Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.

• Jan 17, 2019

Sears Avoids Liquidation, Stores To Remain Open After Chairman Wins Auction With $5.2 Billion Bid

A last-minute reprieve for Sears, after the retailer's former CEO made the winning takeover bid in a bankruptcy auction.

• Jan 16, 2019