Chicago Deep-Dish Pizza Chain Giordano’s Enters Bankruptcy

""According to the Wall Street Journal, “Chicago’s Giordano’s Enterprises Inc., home of the “world famous” deep-dish pizza, filed for bankruptcy Wednesday.”

“According to documents served up Wednesday in U.S. Bankruptcy Court in Chicago, Giordano’s sought Chapter 11 protection along with 32 affiliates. In court papers, Giordano’s said it has ‘an urgent and immediate need for cash to continue to operate.’ Giordano’s, where every pizza “is a slice of heaven,” owes more than $45 million to lender Fifth Third Bank. The company won approval Thursday to use a portion of its $36 million bankruptcy loan so it can keep its doors open and pay its vendors and its employees during its bankruptcy case.”