Hourly rates for bankruptcy lawyers are topping $3,000, contributing to soaring chapter 11 costs that have prompted more companies to turn to faster out-of-court restructurings. Major law firms have ...

It was hardly a surprise when attorneys representing various interests in the LeFever Mattson bankruptcy case dragged Tim LeFever into mediation last month. LeFever is a co-founder of the dismantled ...

Saks Global, the owners of luxury retailers Saks Fifth Avenue and Bergdorf Goodman, filed for bankruptcy Wednesday due to a ...

It was hardly a surprise when attorneys representing various interests in the LeFever Mattson bankruptcy case dragged Tim LeFever into mediation last month. LeFever is a co-founder of the dismantled ...

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try. By Tara Siegel Bernard Student loans have long been ...

Elyssa is a digital news producer for CBS Chicago. She covers breaking news and manages the station's social media presence. An investigation is underway after a teenage girl was unintentionally shot ...

A large sink hole opened up in the middle of a road on Chicago's South Side during the morning rush hour Monday. Footage of the scene showed crews working on a large section of collapsed pavement at ...

Police are investigating a hit-and-run crash that caused an SUV to crash into a building in Chicago's Auburn Gresham neighborhood on Thursday night. Police say right before 11:30 p.m., a white SUV was ...

Two people inside a car in Roseland were shot at on Saturday morning. The victims proceeded after being shot at until they crashed into a tree, police said. The female driver of the car died as a ...

CHICAGO (WLS) -- Twenty-five years ago on Tuesday, Chicago Fire Department Lieutenant Scott Gillen was killed in a crash on the Dan Ryan Expressway. His death prompted Scott's Law, which requires ...

CHICAGO (WLS) -- Officials have identified woman who died after being shot while walking in an alley Friday on the city's South Side. The shooting happened around 5:20 p.m. in the 8000-block of South ...

A shooting-turned-crash left a woman dead and a man seriously injured on the city's South Side on Saturday morning, Chicago police said. Police said it happened in the 2000-block of East 103rd Street ...