bankruptcy

TGI Fridays bankruptcy has been rumored, but is now a reality after a Saturday morning court filing.

True Value, the beloved hardware store chain, faces bankruptcy but may find a new home with Do It Best.

The brand has been around for nearly 80 years!

It's hard to remember a year where more restaurant chains have gone through financial struggles than 2024. Another Chicago-based company with 10 Illinois locations is now suddenly in bankruptcy court, too.

Any business owner will tell you that profits come and profits go and the outlook can turn on a dime with changing conditions. That appears to be the case for a burger chain that has a location in Illinois that says it suddenly may be declaring bankruptcy based on a new report.

The report of Red Lobster's demise may have been a bit premature after all. It appears that 25 Illinois locations may have just been saved from bankruptcy thanks to a sale in the 11th hour.

It's not easy trying to be a restaurant these days and national chains are certainly not excluded. Multiple reports say that a pizza chain that currently has 22 restaurants in Illinois is exploring bankruptcy possibilities.

Have you ever heard bad news that is also mixed with some potential good news, too? That could be what's happening with a furniture chain in Illinois that has announced they are declaring bankruptcy and will be closing stores, but there might be a silver lining at the end of it for Illinois, too.

One of the largest craft and fabric retailers in the country officially filed for Chapter 11 bankruptcy with 35 locations in Illinois. What does the future look like for Joann Fabrics?

One of the largest craft and fabric retailers in the country is on the brink of Chapter 11 bankruptcy with 35 locations in Illinois.