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...
View ArticleDoral 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...
View ArticleBorders 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...
View ArticleMiami 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...
View ArticleL.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...
View ArticlePonzi 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...
View ArticleAmerican 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...
View ArticleTranscripts 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...
View ArticleGary 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...
View ArticleAnother 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...
View ArticleSun-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,...
View ArticleWarren 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...
View ArticleUS 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...
View ArticleOctomom 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...
View ArticleAmerican 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...
View ArticleReport: 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...
View ArticleKim 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...
View ArticleWife 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...
View ArticleReport: 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...
View ArticleCasey 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...
View ArticleReports: 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...
View ArticleCasey 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...
View ArticleBankruptcy 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...
View ArticleCasey 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...
View ArticleFormer 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...
View ArticleOpa-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....
View ArticleFlorida 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...
View ArticleGawker 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...
View ArticlePayless 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...
View ArticleSears 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...
View ArticleDavid’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...
View ArticleForever 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...
View ArticleCourt 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...
View ArticleJCPenney 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...
View ArticleFlorida 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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