The Chicago Cubs filed Chapter 11 Bankruptcy in an effort to sell the team and stave off its creditors. The bankruptcy has been anticipated and is expected to facilitate the sale and continuation of operations of the team.

Tags: Business Bankruptcy, Chapter 11 Bankruptcy

This entry was posted on Monday, October 12th, 2009 at 4:00 pm and is filed under Corporate Bankruptcy, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.