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National Enquirer Publisher Expected To Come Out Of Bankruptcy

BOCA RATON – (CBS4) – Inquiring minds may want to know this: the parent company for The National Enquirer is expected to come out of its bankruptcy filing stronger thanks to a lighter debt load, the...

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Doral Resort Now In Bankruptcy

DORAL (CBS4) – The Doral Golf Resort & Spa, home of the famed Blue Monster course, joined a long list of properties in Florida that are now in bankruptcy. Tuesday’s bankruptcy filing included four...

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Borders Books Bankrupt

ANN ARBOR, Mich. (CBS4) – Borders Group, which operates several stores in the South Florida area, filed for Chapter 11 bankruptcy protection Wednesday morning. Even though they are in bankruptcy...

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Miami Entrepreneur Claudio Osorio Files For Chapter 11

MIAMI (CBS4)- High-tech entrepreneur Claudio Osorio and high-society philanthropist Amarilis Osorio filed for personal bankruptcy Friday. Their Chapter 11 filing in Miami’s federal bankruptcy court...

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L.A. Dodgers File For Bankruptcy

The Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection. The filing comes just three days before paychecks were due, and Dodgers owner Frank McCourt couldn't meet the payroll at the...

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Ponzi Schemer Rothstein’s Items Set For Auction Block

BOCA RATON (CBS4) – Convicted Ponzi schemer Scott Rothstein swindled hundreds of millions of dollars from investors. Some of the high-ticket items he and his wife Kim spent those millions on are going...

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American Airlines Loses $162 Million In 3Q

DALLAS (CBSMiami.com) – American Airlines, who has one of its biggest hubs in Miami, struggled again in the third fiscal quarter, sinking to a $162 million loss. The losses came despite American...

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Transcripts Of Rothstein Deposition To Be Released

FORT LAUDERDALE (CBSMiami/AP) — The media will now have access to transcripts of depositions with convicted Ponzi schemer Scott Rothstein, according to a Florida judge’s ruling. U.S. Bankruptcy Judge...

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Gary Busey Files For Bankruptcy

LOS ANGELES (AP) — Court records show Gary Busey has filed for bankruptcy and is listing more than $500,000 in estimated personal debts. Busey’s filing on Tuesday in Los Angeles provides few details...

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Another Rothstein Ponzi Associate Pleads Guilty

MIAMI (CBSMiami/AP) – Another former employee of convicted Ponzi schemer Scott Rothstein pled guilty Friday to federal fraud conspiracy charges. Prosecutors say 42-year-old Marybel Feiss was an...

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Sun-Sentinel To Put A Price Tag On Website

FT. LAUDERDALE (CBSMiami) – If you want to get to get the most out of the South Florida Sun- Sentinel’s website, you’d better be prepared to subscribe to the print edition or find some extra cash,...

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Warren Sapp, Former Cane and NFL Star, Files For Bankruptcy

FT LAUDERDALE (CBSMiami) – He won championship rings and owns 200 pairs of of Air Jordan sneakers, but what former Miami Hurricane Warren Sapp doesn’t have is the millions needed to pay his bills, so...

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US Airways Sets Terms For Takeover Of American Airlines

MIAMI (CBSMiami) – US Airways have filed the first paperwork to begin the process of taking over American Airlines, which is currently in Chapter 11 bankruptcy protection. According to US Airways CEO...

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Octomom To Strip At Hallandale Club Friday Night

HALLANDALE (CBSMiami/Herald) – As the saying goes, “There’s no such thing as bad publicity.” Nadya Suleman, better known as “Octomom”, can hardly contain her excitement as she speaks to a morning radio...

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American Airlines Wants Pilots Contract Tossed

MIAMI (CBSMiami) – American Airlines will ask a bankruptcy judge on Tuesday for permission to throw out its labor agreement with its pilots. On Labor Day more than one hundred of the airlines pilots...

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Report: American Airlines Wins Key Decision Over Pilots Union

MIAMI (CBSMiami) – A bankruptcy judge’s decision means American Airlines can toss aside the contract with its’ pilots union. The airline says the decision by Judge Sean Lane will clear the way for the...

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Kim Rothstein Charged With Money Laundering, Obstruction Of Justice

FORT LAUDERDALE (CBSMiami) – The wife of convicted Ponzi schemer Scott Rothstein has been arrested and charged for their role in an alleged plot to conceal and dispose of assets in connection to the...

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Wife Of Jailed Ponzi Schemer Pleads Not Guilty

FT. LAUDERDALE (CBSMiami) – Dressed simply in white and not wearing any jewelry, 38 year old Kimberly Rothstein, wife of convicted Ponzi schemer Scott Rothstein, pleaded not guilty in Federal Court to...

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Report: American Airlines May Lay Off Up To 1,400 At MIA

MIAMI (CBSMiami) –  Since filing for Federal Bankruptcy protection last fall, American Airlines has been planning how to return itself to profitability. According to the latest Filings with the Florida...

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Casey Anthony Files For Bankruptcy

TAMPA. (CBSMiami/AP) — After being acquitted of killing her 2-year-old daughter Caylee in 2011, Casey Anthony is fighting legal issues again. Anthony filed for bankruptcy in Florida on Friday, claiming...

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Reports: American & US Air May Announce Merger This Week

MIAMI (CBSMiami) – One of South Florida’s largest employers will likely get larger this week when American Airlines and US Airways are expected to announce a long-awaited merger. The merger would...

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Casey Anthony Heads Back To Bankruptcy Court

TAMPA (CBSMiami) – Casey Anthony’s attorney will be back in bankruptcy court Tuesday attempting to prevent a trustee in the case from trying to sell her life story to pay off outstanding debts. A...

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Bankruptcy Judge Gives Final Approval To American/US Air Merger

MIAMI (CBSMiami) – A U.S Bankruptcy Judge has given the final approval to a merger between U.S. Airways Group and AMR, the parent company of American Airlines. The judgment came just a few weeks after...

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Casey Anthony Won’t Have To Pay Most Of Her Debts

TAMPA (CBSMiami/AP) – Casey Anthony, who was acquitted of murder in 2011 in the death of her toddler, filed for bankruptcy earlier this year. Now, the bankruptcy judge has ruled that Anthony will not...

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Former Mall King Aeropostale Seeking Bankruptcy Protection

Follow CBSMIAMI.COM: Facebook | Twitter MIAMI (CBSMiami/AP) — After losing money for the last three years, a one time mall king is seeking Chapter 11 bankruptcy protection. The New York-based...

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Opa-Locka Facing Financial Collapse, Corruption & Complete Shutdown

Follow CBSMIAMI.COM: Facebook | Twitter OPA-LOCKA (CBSMiami/AP) — Amid an FBI investigation for corruption, authorities say the Miami suburb of Opa-locka is teetering toward financial collapse....

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Florida Recoups Some Money From Failed Video Effects Studio

Follow CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/AP) — This summer Florida should begin receiving payments from bankruptcy settlement it reached with failed digital effects company which...

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Gawker Media Files For Chapter 11 Bankruptcy Protection

Follow CBSMIAMI.COM: Facebook | Twitter NEW YORK (AP) — Gawker Media has filed for Chapter 11 bankruptcy protection, about three months after pro wrestler Hulk Hogan won a $140 million lawsuit against...

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Payless Shoes Files For Chapter 11, Will Close 400 Stores

Follow CBSMIAMI.COM: Facebook | Twitter MIAMI (CBSMiami) – Facing increasing pressure from online competition like Amazon and Zappos, the Payless ShoeSource chain has filed for Chapter 11 bankruptcy...

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Sears Files For Chapter 11 Bankruptcy Protection

Follow CBSMIAMI.COM: Facebook | Twitter MIAMI (CBSMiami/CNN) — Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Sears once dominated the...

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David’s Bridal Files For Bankruptcy, But Your Order Is Safe

Follow CBSMIAMI.COM: Facebook | Twitter MIAMI (CBSMiami/AP) – Breathe easy, brides; your dress is still being made. David’s Bridal is filing for bankruptcy protection but there is no danger for...

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Forever 21 To Close Stores In Miami Beach, Pembroke Pines & Palm Beach Gardens

MIAMI (CBSMiami) — The clothing store chain Forever 21 will close three stores in South Florida as part of its chapter 11 bankruptcy filing, but six others will remain open. The stores that will close...

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Court Approves Pier 1’s Bankruptcy Application

MIAMI (CBSMiami) – It’s official, Pier 1 is going out of business. A court approved its bankruptcy application, clearing the way for the retailer to liquidate operations in about 500 stores across the...

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JCPenney Closing 154 Stores This Summer, None In South Florida

MIAMI (CBSMiami/CNN) — JCPenney is permanently closing 154 stores across 20 states this summer as part of its bankruptcy plan, but there are no South Florida locations being closed. The company, one of...

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Florida Pandemic Economy Has Some Looking At Bankruptcy As An Option

MIAMI (CBSMiami) – The coronavirus pandemic has forced some major corporations to declare bankruptcy, yet many continue to operate. Smaller businesses and people deep in debt have taken notice. “They...

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