(credit: CBS)

OC City Faces Bankruptcy, Unincorporation As Revenues Plunge

The city manager of Stanton says drastic reductions to public services are coming in the face of an annual deficit of over $2.8 million.


Doug Pensinger/Getty Images Sport

Former NFL Running Back Has Bankruptcy Court Hearing Delayed

A bankruptcy court hearing in Atlanta for former Baltimore Ravens running back Jamal Lewis has been delayed.


(credit: Noel Vasquez/Getty Images)

Suleman May Be Forced To Move After Court Tosses Her Bankruptcy Case

“Octomom” Nadya Suleman could soon be forced to move out of her La Habra home. Suleman’s bankruptcy case was tossed out of court after she reportedly failed fill out all of the necessary paperwork.

CBS2 / KCAL9–05/16/2012

Judge Otis Wright (credit: Facebook)

Federal Judge Who Made $171K Last Year Files For Bankruptcy

A federal judge in Los Angeles has filed for Chapter 7 bankruptcy because he’s unable to pay his existing debts.


Los Angeles Dodgers owner Frank McCourt (credit: Kevork Djansezian/Getty Images)

Court Approves Sale Of Dodgers

CBS2’s Jim Hill is reporting the sale of the Dodgers has been approved by Judge Kevin Gross.


(credit: ROBYN BECK/AFP/Getty Images)

Calif. Border Town Loses ‘Thousands’ Of Jobs After Solar Firm Files For Bankruptcy

For the second time in as many years, a California solar energy firm has gone bust on a federal loan.


(credit: David McNew/Getty Images)

Oscars To Be Held At Whatchacallit Theatre

One big name that likely won’t be at this year’s Oscars: Kodak.


(Credit: Rick Gershon/Getty Images)

American Airlines Aims To Cut 13,000 Jobs

The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation’s third-biggest airline remakes itself under bankruptcy protection.

CBS2 / KCAL9–02/01/2012

Harry How/Getty Images Sport

LA Dodgers File Bankruptcy Reorganization Plan

The Los Angeles Dodgers have filed a bankruptcy reorganization plan, a week after resolving a court fight with Fox Sports that threatened plans to sell the club.

CBS2 / KCAL9–01/20/2012

Sports agent Leigh Steinberg (L) with former NFL quarterback Warren Moon in 2005.  (credit: Frank Micelotta/Getty Images)

‘Jerry Maguire’ Sports Agent Files For Bankruptcy In OC Over $1.4M Debt

A high-profile sports agent whose superstar roster of clients inspired a Hollywood blockbuster has filed for bankruptcy.

KNX 1070 NEWSRADIO–01/12/2012

frank mccourt

Arguments Set In Dodgers Bankruptcy Appeal By Fox

A federal judge in Delaware is set to hear arguments over Fox Sports’ request for an emergency halt to a bankruptcy court order allowing the Los Angeles Dodgers to sell the media rights to future games.


(Credit: Rick Gershon/Getty Images)

American Airlines Files For Bankruptcy

American Airlines and its affiliate, American Eagle, are filing for Chapter 11 bankruptcy protection.

CBS2 / KCAL9–11/29/2011


Bankruptcy Judge To Examine Competing Bids For Crystal Cathedral

A federal bankruptcy judge is scheduled to look at competing bids for the Crystal Cathedral Monday.

CBS2 / KCAL9–11/14/2011

(credit: Kevork Djansezian/Getty Images)

Dodgers Ask Bankruptcy Court To Allow Auction Of Team’s TV Rights

LOS ANGELES (CBS) — Lawyers for the Los Angeles Dodgers Saturday petitioned a federal bankruptcy court in Delaware to allow the auction of the team’s television rights, according to a Wall Street Journal report. The move […]


MLB commissioner Bud Selig talks with Los Angeles Dodgers owner Frank McCourt before Game Three of the National League Division Series between the New York Mets and the Dodgers on October 7, 2006 at Dodger Stadium in Los Angeles, California. (Photo by Stephen Dunn/Getty Images)

Dodgers Bankruptcy Hearing Postponed For One Month

A major bankruptcy hearing between the Dodgers and Major League Baseball Commissioner Bud Selig has been postponed for one month, according to the Los Angeles Times.

CBS2 / KCAL9–10/26/2011