Chapter 11

Serta Simmons Bedding Files for Bankruptcy as Part of Agreement With Lenders

Serta Simmons Bedding (SSB) has filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the Southern District of Texas. The…

Party City Files for Bankruptcy, Secures $150 Million Loan as it Seeks to Overcome Mounting Debt

Party City Holdco Inc. (PCHI) has filed for Chapter 11 bankruptcy protection and entered into an agreement with an ad hoc group…

Sears Hometown Files for Chapter 11, Citing Lack of Inventory and Heavy Liabilities

Sears Hometown Stores, an offshoot of the original department store, has filed for Chapter 11 bankruptcy in Delaware. The company has less…

Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Back in 2016, Ron Johnson was asked in a fireside chat at Shoptalk about the biggest mistake he had ever made. His…

Belk Files for Chapter 11, Plans ‘One-Day Reorganization’

[Editor’s Note: In a statement released after this story was published, Belk announced that it had successfully completed its one-day restructuring and…

Francesca’s Enters Chapter 11 Bankruptcy to Pursue a Sale

Francesca’s has filed for Chapter 11 bankruptcy protection as the ailing retailer seeks a sale of both its brick-and-mortar locations and its…

Furniture Factory Outlet Files for Chapter 11

Furniture Factory Outlet (FFO Home) joins the growing ranks of retailers seeking bankruptcy protection due to losses created by the pandemic. The…

Report: Potential Ascena Bankruptcy Would Shutter At Least 1,200 Stores

Ascena Retail Group is reportedly preparing to file for Chapter 11 bankruptcy and shutter at least 1,200 of its 2,800 locations, people…

GNC To Enter ‘Pre-Packaged’ Chapter 11 Bankruptcy Process

GNC Holdings has filed a “prepackaged” Chapter 11 bankruptcy plan that will speed up the closure of at least 800 to 1,200…

JCPenney Enters Chapter 11 Bankruptcy, Seeks Financing To Continue Operations

UPDATE: JCPenney will close 242 stores, representing about 29% of its locations, according to Bloomberg. The first 192 closures will happen in…

Stage Stores Begins Liquidating Locations As It Seeks A Buyer

Stage Stores has filed for Chapter 11 bankruptcy, and will simultaneously solicit bids for a going concern sale of the business —…

J.Crew Files For Chapter 11 Bankruptcy, Raises $400 Million To Continue Operations

J.Crew has become the first national retail chain to file for Chapter 11 bankruptcy during the COVID-19 pandemic. The retailer’s e-Commerce businesses…