Filing ‘Chapter 22’ Becomes Enticing Option for Ailing Retailers
- Four that entered Chapter 11 recently are back in bankruptcy
- Repeat filings show depth of retail crisis, restructuring woes
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Struggling retail companies across the U.S. are shuttering their stores and declaring bankruptcy -- again.
Of at least 10 merchants to file for Chapter 11 protection from creditors in the past year, four are taking the trip to bankruptcy court for the second time in as many years.