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The company's subchapter v filing, which is under Chapter 11, comes after the business marked its 30-year anniversary in 2023.
While the Sway Bar faced no noticeable consequences from Mayor Nick Caiafa, who doubles as the northwest suburb's liquor commissioner, he insists he's not going easy on the business.
The Chicago Illusions building gets a tax break because it has two apartments — even though it appears those units are used as part of the business.
Sterling Bay's Lincoln Park project has drawn criticism from local Ald. Scott Waguespack for its height and parking but it still cleared the Chicago Plan Commission on Thursday.