Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Resources
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

Tribune Co. Bankruptcy Case Deadlocked

Despite hours spent over the past two weeks listening to confirmation hearings the Tribune Co. bankruptcy case is back to where is started: deadlocked.

According to the U.S. Bankruptcy Judge Kevin Carey, "the parties are stuck." The company has been fighting with its creditors as they they slowly go through the confirmation hearings intended to resolve the 17-month-old case. Since March 7 the seeming armies of lawyers have been working in Wilmington, Del. to discuss and argue for/against restructuring the company. While both parties hoped that Carey would provide insight into his decision after the two weeks, he could only say that he saw strengths and weaknesses in both approaches, meaning that he could possibly deny both sides.

If the judge cannot resolve the case in court then he will appoint a Chapter 11 trustee to resolve the case. This would be bad news for the parties as it would mean a delay of at least several months as the trustee came up to speed with everything that has happened so far. Knowing this Judge Carey asked the parties again to come to a resolution to avoid this massive delay.

If you're planning to file for bankruptcy, contact us to receive help from a Chicago bankruptcy attorney.

Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100