 Overall, the companies listed nearly $50 million in combined liabilities to Fifth Third Bank and $2 million to two additional banks and were able to obtain emergency financing in order to stay in operation.While Giordano's entered bankruptcy at a time when many other restaurant chains and pizzerias were being forced to re-organize due to faltering sales, the company's bankruptcy attorney, Michael Gesas, assuaged concerns about the chain's viability and stated that real estate was the reason for the bankruptcy.After filing for bankruptcy, four restaurants closed as the result of the legal battles that occurred.