Monday, October 12, 2009

Chicagio Cubs File For Chapter 11 -- Mlb FanHouse

Chicagio Cubs File For Chapter 11 -- Mlb FanHouse: "NEW YORK -The Chicago Cubs baseball team filed for Chapter 11 bankruptcy protection Monday, a step that will allow its corporate parent to sell the team in an $845 million deal.

The filing in Wilmington, Del., was anticipated and is expected to lead to a brief stay in Chapter 11 for the Cubs. A hearing on the case was scheduled for Tuesday in front of the judge who has been handling the bankruptcy case of the Cubs' owner, Tribune Co."

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