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

Phone and Video Consultations
Available Today!

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
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

Investment Bank Approved for Tribune Co.'s Reorganization Plan

A proposed legal settlement has been given a green light by the investment bank that is behind the Tribune Co.'s Chapter 11 reorganization plan. This settlement will allow the conglomerate to emerge from bankruptcy protection sooner than expected.

There is still a two-week trial ahead, however, in which the fate of the company's reorganization plan will be determined. A U.S. Bankruptcy judge must still decide whether or not to approve the company's reorganization plan or a plan submitted by dissident bondholders. The judge could also choose to approve neither of the proposed plans.

Tribune Co. owns the Los Angeles Times, the Chicago Tribune, along with other newspapers, radio and TV stations. The company chose to file for Chapter 13 bankruptcy protection back in 2008 after Sam Zell, a billionaire developer, leveraged a buyout for $8.2 billion. However, this left the company saddled with an additional $12 billion in debts.

Need help with your bankruptcy filing?  Contact us to get assistance from a Chicago bankruptcy lawyer.

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