Posted on Friday, November 4th, 2011 at 2:05 am
The famous discount clothing company, Filene’s Basement, has filed for bankruptcy and is closing all 46 of its locations.
Filene’s was acquired out of bankruptcy protection by Syms in 2009, but the chain hasn’t been able to improve. Filene’s Basement was founded in 1909 and was originally created to sell excess apparel from the department store, Filene’s.
Brides-to-be will have to shop elsewhere as Filene’s famous “Running of the Brides” sales event will be no longer.
If you are considering bankruptcy, it is important to meet with experienced representation to learn about your options. Contact Joliet bankruptcy lawyers at the Law Offices of Stuart B. Handelman at 815-722-2201.