bankruptcy

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.

There is a report from a national finance site that a major craft chain with 35 stores in Illinois may have filed bankruptcy.

This is a story that is being told nearly every day. Old Time Pottery has filed Chapter 11 bankruptcy and the Rockford store will be closing.

After almost sixty years, the home furnishings retailer is closing all of their 540 stores, And right now, you can score 40% off deals.

After receiving the terrible news Wednesday that Bergner's would be closing it's doors here in Rockford and across the country. Customers are now hit with another punch to the gut in an e-mail. The company has canceled their rewards cards.

Sluggish sales along with customers doing their shopping on the internet, could force a major Rockford area retailer with two Stateline locations to file for bankruptcy.

On Thursday, RadioShack filed for bankruptcy. The once popular electronics store announced that it entered into an agreement with hedge fund Standard General for the company to purchase up to 2,400 of its stores. However, to facilitate this sale, the company has filed for Chapter 11 bankruptcy protection.