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(KGTV) — Guitar Center, the county's largest musical instrument retailer, is expected to file for Chapter 11 bankruptcy after reaching a deal to restructure its debt.According to Bloomberg, the retailer's restructuring plan aims to reduce its debt by 0 million. "With ten consecutive quarters of growth prior to the impact from COVID-19, we have been pleased with our resilient financial performance during these challenging times created by the pandemic," Guitar Center CEO Ron Japinga said in a statement. "As a result of this financial restructuring process, we will be better equipped to execute on and invest in our strategic growth initiatives and we will continue delivering through the strength of our brands, availability of our stores, customer-focused associate relationships, innovative music education programs and our expanding digital solutions."The plan includes 5 million in new investments from funds managed by the company's private equity owner Ares Management, the Carlyle Group, and Brigade Capital Management, Bloomberg reported.Filing for Chapter 11 would allow Guitar Center to keep operating while the company works to turn around its business performance. Employees and vendors would still be paid as usual under the move as well.The company's announcement adds that its services will not be interrupted during the debt restructuring, and that, prepaid lessons, rentals, gift cards, and all merchandise credits will still be honored.Guitar Center has three locations in San Diego County in San Marcos, La Mesa, and San Ysidro. 1567

(KGTV) - A San Bernardino County woman is suing the California Department of Fish and Wildlife and state Natural Resources Agency for not acknowledging the existence of Bigfoot.Claudia Ackley told The Press-Enterprise she ran into the long-fabled creature while hiking in Lake Arrowhead last year. Ackely said she was hiking late one March day when she and her two daughters ran into a Sasquatch."I ran into a Sasquatch – a Bigfoot. We were face to face. He was 30 feet up in the tree," Akley told the paper. "He looked like a Neanderthal man with hair all over him. He had solid black eyes. He had no expression on his face at all. He did not show his teeth. He just stared at the three of us."Ackley said her daughter told her she saw two other creatures run away following the encounter, adding that her daughter captured the encounter on video - which Press-Enterprise published online."People have to be warned about these things. They are big," Ackley said. "We’re totally vulnerable to these things."The lawsuit, filed on Jan. 18, alleges the state departments of failing to acknowledge the existence of the Sasquatch species, despite documented and scientific evidence, according to Press-Enterprise. 1256

(KGTV) - Is a 4 bedroom, 3 bathroom home in Toronto really being sold for as listed?No.The owners have no intention of selling their house for a buck.Their realtor says he was instructed to find out people's reaction to the home by putting the price as low as possible.If the owners don't get a reasonable offer they'll change the listing price to what they actually want.The average cost of a 4 bedroom home in Toronto is .7 million. 447

(KGTV) - Does online data show that China is burning coronavirus victims' bodies en masse?No.The evidence in question comes from the website Windy.com which shows elevated levels of sulfer dioxide in the center of the outbreak. Rising sulfer levels indicate a release of organic matter in the air.But the explanation is much less sinister.Wuhan has a tremendous number of steel mills and, even though the coronavirus has forced them to stop production, the mills are still idling in preparation for a restart. 517

(KGTV) - A Los Angeles real estate CEO accused of gaining preference for admission to University of San Diego for his children was one of three parents who pleaded guilty Friday in the college bribery scandal. Robert Flaxman admitted in a Boston courtroom he agreed to pay Rick Singer, the head of a college admissions company, ,000 to partake in the college entrance exam cheating scheme for his daughter. Flaxman’s daughter, who was accepted to USD but did not attend, had a proctor to boost her ACT scores, prosecutors said. RELATED: CEO behind college admissions cheating scam wanted to help the wealthy Under his plea agreement to one count of conspiracy to commit mail fraud and honest services mail fraud, Flaxman agreed to the government’s recommendation of a sentence at the low end of the guidelines sentencing range, one year of supervised release, a fine of ,000, restitution, and forfeiture. Prosecutors also alleged early in the investigation Singer doctored Flaxman’s son’s college essay and application and sent them to a USD varsity coach, later identified by the university as former basketball coach Lamont Smith . Sixteen parents have pleaded guilty, including “Desperate Housewives" star Felicity Huffman. She is due to be sentenced in September. RELATED: College admissions scandal: San Diego woman sues University of San Diego, other schools over alleged scam Nineteen other parents are fighting the charges. They include actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli. Associated Press contributed to this report. 1578