Bankruptcy Filing

APBnews.com said it has filed for bankruptcy protection from its creditors as part of a last-ditch effort to recapitalize its Web site specializing in news about crime and courts, now that its short-term financing options have dried up. The New York-based news service said last month that it had run out of money and dismissed all 140 of its journalists, becoming one of several content-related Web sites to cut jobs and modify their strategies since the spring. The site is the principal operating unit of closely held APB Online Inc. APBnews.com has about $7 million in debt. It recently rehired less than two dozen employees, in addition to several who had voluntarily stayed on to keep the site operating.