From construction firms to transportation companies, major Illinois industries filed for bankruptcy protection amid economic ...

More than 20 Value City stores are closing. after its parent company filed for bankruptcy. See impacted Illinois locations.

Another mall staple is making plans to wind down all of its U.S. business after filing a bankruptcy. On March 16, F21 OpCo LLC, operator of Forever 21 stores and the brand in the United States ...

Illinois residents may feel some solidarity with the likes of Puerto Rico and Detroit. A financial crunch is spiraling into a serious problem for Illinois lawmakers, prompting some observers to wonder ...

Peoria Charter Coach filed for Chapter 11 bankruptcy on Thursday, a setback for a venerable Peoria-based business that serves ...

CHICAGO -- With talk percolating in Illinois about a bill that would authorize municipal bankruptcy, a report has identified five struggling Chicago-area suburbs as most vulnerable to a Chapter 9 ...

Illinois' largest senior living retirement community has turned to bankruptcy court to manage an auction and sale process that will impact recovery rates for holders of its $125 million of outstanding ...

Each year in Illinois, increasing pension obligations are consuming more of its taxpayers’ dollars, pushing cities and towns to cut core services and raise property taxes just to keep up with the ...

I have come to believe that the only way out of the downward financial spiral of Illinois and Chicago Public Schools is bankruptcy. I understand that a state can’t declare bankruptcy, but I would ...