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The bankruptcy court did approve severance payments for two former employees let go after Tribune filed for Chapter 11. Tribune had argued that it needed to pay the bonuses so that it could retain and motivate essential management during a difficult economic environment.

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Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. There are different types of bankruptcies, which are usually referred to by their chapter in the U.S. Bankruptcy Code.