Giordano Files For Chap 11

Pizza chain, Giordano’s Enterprises, filed for bankruptcy on Feb. 16, 2011.

Pizza chain, Giordano’s Enterprises, filed for bankruptcy on Feb. 16, 2011, The Wall Street Journal reports. The company has about $45 million debt owed to lender, Fifth Third Bank. Giordano’s will use a part of its $36 million bankruptcy loan to continue its operations and pay its vendors and its employees during the bankruptcy case. Affiliates of the Chicago-based company, Americana Foods and Randolph Partners, have also sought bankruptcy protection.

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