In an opinion announced Thursday, Supreme Court Justice Samuel Alito wrote for a unanimous eight-justice court that “mere retention" of a debtor's property by a creditor does not violate the law.
Gov. Bruce Rauner said this week that bankruptcy may be the best option for the Chicago Public Schools system to get its fiscal house in order. One day later, it was revealed that the federal government is investigating CPS. News reports say the investigation involves a no-bid contract for principal training awarded to a company that once employed CPS CEO Barbara Byrd-Bennett. We'll discuss the challenges facing CPS with a panel of experts.
As electronics retailer RadioShack files for bankruptcy protection and stores like Sears and JCPenney look for ways to revamp their image, we discuss the challenges for major retailers with Crain’s Chicago Business retail reporter Brigid Sweeney.
Fire Safety, Bankruptcy, & Spending Bill
We share what you had to say about Laurie Zoloth's call to cancel the American Academy of Religion's annual meeting, high-rise fire safety ordinances in Chicago, what caused the financial problems of state municipalities considering bankruptcy, and Congressmen Aaron Schock and Mike Quigley’s comments on the 2015 federal spending bill.
In the wake of Detroit filing for bankruptcy last week, we take a look at the possibility of Chicago following the Motor City into financial calamity. Is Chicago’s recent bond rating downgrade a sign of things to come? Or is the city in a totally different situation than Detroit? We have analysis.
As the Tribune Company emerges from bankruptcy, several suitors are sniffing around its assets, including Rupert Murdoch and Freedom Communications. Kris Kridel of WBBM Newsradio 780 and 105.9FM has that story, and more top business headlines.
The Chicago Tribune looks set to finally emerge from bankruptcy, while the disgraced head of futures brokerage PFGBest says "it was the regulator that made me do it." Kris Kridel of WBBM Newsradio 780 and 105.9FM has those stories, and more top business headlines.
Billionaire Sam Zell is just the latest to sue former Tribune Company shareholders in an effort to claw back more than $2.5 billion. We speak with a bankruptcy expert to see if this can actually happen.