A federal bankruptcy court recently ordered the takeover of the famous Chicago Giordano’s pizza chain. However, the company’s president and his family member refused to leave the Chicago headquarters. The company filed bankruptcy in February.
According to court filings, the family would not let on the premise the appointed trustee handling the Chapter 11 takeover and even threatened to call the sheriff’s office. The trustee appealed to the court for an order to force the family out permanently. The turn of events is not uncommon says one Chicago bankruptcy lawyer .
According to reports, the owners of the pizzeria, Giordano’s Enterprises Inc., had missed important court deadlines in the case, had not paid court fees, and had even fired its attorney.
The company has remained quiet about the cause of bankruptcy and how it planned to emerge, if at all, from its financial troubles. The trustee also claims to have very little knowledge about the financial workings of the company.
According to the Chicago bankruptcy attorney , the process will likely become extremely tense if the company and its operators continue acting hostile towards the trustee. The last thing the company wants is to have the court continuously issuing orders directly aimed at the operators.