Divine files for Ch. 11.

Byline: David Shabelman in San Francisco

In the end, Divine Inc.'s greatest liability may have been what many once regarded as its greatest asset: CEO Andrew "Flip" Filipowski.

The Chicago software and professional services company, an assemblage of 30 subsidiaries gained mostly through acquisitions, said Tuesday, Feb. 25, it would file for Chapter 11 bankruptcy protection.

During the bankruptcy, Casas, Benjamin & White LLC, a Chicago-based firm that specializes in corporate restructuring, will help Divine manage day-to-day operations. The parties will work with Broadview International LLC, which also is advising Divine, to explore an asset sale.

Since hiring New York-based Broadview on Feb. 18, Divine …