Inside these posts: Bankruptcy mediation

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Bankrupt Giordano’s hires restructuring firm

A Giordano's at 1040 W. Belmont. (Brian Cassella/Chicago Tribune)

Giordano’s, the Chicago-based pizza chain that filed for bankruptcy last month, has hired the restructuring firm headed by Democratic party stalwart William Brandt.

On Wednesday, U.S. Bankruptcy Judge Eugene Wedoff will be asked to approve an agreement between Giordano’s Enterprises Inc. and Chicago-based Development Specialists Inc. (DSI)

Giordano’s and 32 affiliated companies filed for Chapter 11 bankruptcy on Feb. 17. Get the full story »

Judge to approve plan that pays GM creditors

A U.S. Federal court judge on Thursday said he would approve the bankruptcy plan for “Old GM”, paving the way for General Motors to begin distributing stock and warrants to some unsecured creditors, a spokesman said. Get the full story »

Tribune Co. talks continue; judge weighs failure

The battling parties in Tribune Co.’s fractious bankruptcy case planned to sit down Monday for another day of mediation aimed at forging a settlement of legal claims surrounding the company’s 2007 leveraged buyout.

But at a status hearing in Delaware before the mediation session began, U.S. Bankruptcy Judge Kevin Carey spent much of his time anticipating how to proceed  assuming the mediation fails. Get the full story »