News
Chicago State of Market

Mesirow Financial Closing Bankruptcy Consulting Firm

Mesirow Financial will shut down its bankruptcy consulting arm by the end of the year after being unable to find a buyer. Mesirow bought the bankruptcy consulting business from KPMG in 2004 hoping to steer existing clients to use its services while entering or exiting bankruptcy. Mesirow CEO Richard Price said that never happened and the need to keep the bankruptcy unit separate from the company's other interests wasn't worth the hassle, according to Crain's. The 50 employees who are part of the unit will be let go but allowed to retain their clients and assignments. [Crain's]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

While Chicago Development Stalls, Fulton Market Keeps Building

AI Has Saved Time But Muddied Traffic Data For CRE Marketing Execs

Amazon Close To Deal For Goose Island Warehouse: The Chicago Deal Sheet

'A Welcoming Destination': Arlington Heights, Illinois, Is Making Big Investments In Its Future

Chicago Ranks No. 3 For AI Job Growth As Office Market Stands To Benefit

108-Acre Hawthorne Race Course Set To Trade In Bankruptcy Sale

Mapletree Breaks Ground On 419K SF Industrial Facility: The Chicago Deal Sheet

Chicago Fire Stadium Nears $425M TIF Boost

'Projects May Be Temporary. The Opportunities Aren't': Debunking Common Data Center Myths

Chicago's Older Apartments Are Running Out Of Room To Raise Rent

EXCLUSIVE: Google To Occupy 600K SF Of Redeveloped Chicago Landmark