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CHICAGO — Chicago-based Sheldon Good & Co. has filed for Chapter 11 bankruptcy protection. In a release, the real estate auction and brokerage firm says it will continue normal day-to-day operations and that it has enough financial reserves to sustain the company while it reorganizes. The company intends to move through the Chapter 11 process as quickly as possible. The release goes on to state that the company is reorganizing to remedy the effects of improper actions taken by the company’s former chairman, which came to light following his death in January.