Bankruptcy hearing to be held for Hawthorne Race Course
A judge is scheduled to consider the sale of the track in Stickney to a buyer who wants to use the site for other purposes.
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A judge is scheduled to consider the sale of the track in Stickney to a buyer who wants to use the site for other purposes.
The reorganization plan is said to preserve 250 jobs while prioritizing paying accrued purses to the Illinois Horsemen's Association, including thoroughbred owners and trainers, as well as payroll for track employees.
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
In a court filing this week, the Hoffman Estates-based retailer listed more than 290 stores it plans to close.
The popular global jewelry retailer will be selling most of its business in North America to the private equity firm Ames Watson.
CBS News Chicago started investigating Gast Monuments after multiple families told us it never delivered the headstones they paid for.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Toys "R" Us opened a new standalone store in the Chicago suburb of Norridge, a surprising turnaround for the company that filed for bankruptcy in 2017.
The company, known for its plastic food storage containers, announced the filing in a statement. Chapter 11 bankruptcy allows companies to solve financial problems by restructuring. The company was founded in 1946.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Dolton, Illinois' acting police chief appeared before a federal judge and pleaded not guilty on Thursday to multiple charges of bankruptcy fraud and perjury, among others.
Federal prosecutors said Lacey lied about his income in bankruptcy statements in order to halt enforcement of a settlement order in a lawsuit filed against him.
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
The boy suffered a gunshot wound to the left leg, police said.
An ad by mayoral candidate Susana Mendoza claims that homicides are down in Chicago due to the work of trauma surgeons. Some say the ad is misleading, but it brings back the conversation about gun violence.
Ninety-seven new citizens from 34 countries swore allegiance to the U.S. at a ceremony Tuesday in the Dirksen Federal Courthouse.
Adriana might not have much to say, but her work speaks volumes.
The University of Illinois at Urbana-Champaign confirmed on Tuesday that it recieved a letter from the Department of Defense, which has announced "research security audits" at 30 universities nationwide.
The University of Illinois at Urbana-Champaign confirmed on Tuesday that it recieved a letter from the Department of Defense, which has announced "research security audits" at 30 universities nationwide.
The Justice Department is planning to deploy a record 1,000 federal monitors to polling places throughout the U.S. for the midterm elections.
Former Cook County Commissioner Richard Boykin announced Tuesday that he is filing a complaint against Treasurer Maria Pappas over some profanity-related texts.
Former Cook County Commissioner Richard Boykin is demanding an apology from Treasurer Maria Pappas for some profanity-laden text messages he says are offensive.
Zach Lahn won the Iowa Republican gubernatorial primary over Trump's endorsed candidate, but three months before Election Day, many in his own party say they still don't know who he is.
A new Illinois law signed by Gov. Pritzker offers up to $1,000 to eligible homeowners hit by storm damage, but the money won't be available until next year — and the program only covers certain areas of Chicago.
Illinois is one of 46 states that have reached a $15.5 million settlement with a Pennsylvania-based mortgage servicer for improperly imposing new insurance policies on homeowners who already had insurance.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Researchers from the University of Chicago have uncovered some information on how space travel affects — or actually doesn't affect — the heart.
As people age, it becomes crucial to do whatever possible to protect from issues like memory loss. But leading neurologist Dr. David Perlmutter said the process actually starts well before advanced age.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Buddy Guy was honored with the Chicago Music Legend Award at the Obama Presidential Center's Chicago Culture Ball this weekend.
Bal Khabra is the author of the four-part series "Off the Ice," a college hockey romance collection that is wrapping up at just the right time.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Susana Mendoza, in the ad, claims that homicides are down in Chicago due to the work of trauma surgeons. Experts say the survival rates for victims across the city have not been improving. In fact, they've actually gotten worse.
The village is known for its hotels, concert venues and shopping. Now you can add one more attraction to the list. Photojournalist Jeff Langan takes you inside.
When you walk in Eileen de Jesus and Victor Iniguez’s home, from the living room to the kitchen to the dining room, her parents' bedroom and the basement, you'll find Adriana’s artwork.
Chief meteorologist Albert Ramon is tracking the latest in First Alert Weather.
The Gurnee Fire Department said the man was measuring cable lines outside a home in the 3600 block of Country Club Avenue and accidentally made contact with the main ComEd cable line.
Some people living in northwest Indiana might be waiting another week to have their power restored from last week's storm.
NASCAR is calling off plans to bring its street race back to downtown Chicago in 2027, but is holding out hope for the event to return in the future.
Shayde Fisher says the scammers went as far as conducting a video interview, sending official-looking employment paperwork and even mailing her a check. The whole thing turned out to be a scam.
The boy suffered a gunshot wound to the left leg, police said.
An ad by mayoral candidate Susana Mendoza claims that homicides are down in Chicago due to the work of trauma surgeons. Some say the ad is misleading, but it brings back the conversation about gun violence.
CEO of the Illinois Quantum and Microelectronics Park, Harley Johnson, gave CBS News Chicago an exclusive look inside the new park in South Chicago.
The Illinois Department of Financial and Professional Regulation last inspected South Chicago Chapel funeral home in October, 10 months before 56 decomposing bodies were found there.
The discovery of dozens of decomposing bodies at a Chicago funeral home run by a couple with a history of mishandling human remains has raised questions about how Illinois regulates the funeral home and crematory industries.
An arrest at a Lululemon athletic wear store in the Gold Coast neighborhood in Chicago led investigators to a crew that was exploiting unhoused people and responsible for thefts totaling $100,000.
More violations at Chicago's Bohemian National Cemetery and Crematorium have surfaced, which is now under investigation for its role in mishandling bodies connected to the family that ran South Chicago Chapel.
NASCAR is calling off plans to bring its street race back to downtown Chicago in 2027, but is holding out hope for the event to return in the future.
A fight broke out in the stands at Wrigley Field during a Crosstown Classic game on Monday evening.
The Cubs snapped a two-game skid and ended the White Sox's three-game winning streak.
Kamilla Cardoso had 22 points and 12 rebounds, while Natasha Cloud scored 20 points.
Chicago lost for the third time in four games.
A man has been arrested and charged after authorities said he decided to make himself at home at the Macy's flagship store on State Street in downtown Chicago.
Chicago police on Tuesday asked for help from the public in solving a pair of burglaries that happened in the early-morning hours on the city's West and Northwest sides.
A man convicted of gun charges in the case involving the shooting death of Chicago police Officer Krystal Rivera has now been indicted separately on drug charges.
A man was left in critical condition early Tuesday after being shot on Chicago's Near West Side.
A 14-year-old girl suffered a graze wound from gunfire Monday morning in Chicago's Roseland neighborhood.
