WORCESTER 508-471-3018
Metro West 508-709-0024

Chapter 11 bankruptcy filed by apparel retailer

Styles for Less, a teen apparel store based in another state, recently filed for bankruptcy. The Chapter 11 bankruptcy filing was executed in an effort to keep the business afloat at a time when many retailers are struggling financially. Internet commerce is being blamed for the decline in business of many retailers throughout the United States, including in Massachusetts.

Styles for Less reported having assets totaling between $10 million and $50 million. Its liabilities are reportedly in the same range. It is anticipated that the company will strive to get rid of its debt and come out of bankruptcy as a stronger, healthier business.

The apparel business currently has 93 stores as well as more than 600 employees in multiple states. In its recent court filing, the business claimed that several factors contributed to its bankruptcy filing, including the increase of fast-fashion competition, industry discounting and online threats. The company reported that it had already shut down 55 stores and laid off more than 300 workers. It had also already trimmed salaries and cut expenses in an effort to survive. Other retailers that have been struggling lately include Payless, True Religion and Rue21.

Sometimes industry and economic conditions prevent businesses in Massachusetts and elsewhere from being able to survive, let alone thrive. In these situations, filing for Chapter 11 bankruptcy may be an unavoidable option. This type of bankruptcy filing makes it possible for businesses to restructure themselves and reclaim control over their debt so that they can continue to operate more strongly than ever in the years ahead.

Source:, "Bankruptcy: Styles for Less files for Chapter 11 protection," Nathan Bomey, Nov. 7, 2017

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

An Impressive Track Record
Of Achievement In The Law


Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions