Party City Closing After Filing For Bankruptcy
In the filing, Party City Holdings Inc. will "implement an orderly wind down of its business and liquidation of its assets."
A popular party store has filed for bankruptcy. Party City filed for Chapter 11 in U.S. Bankruptcy Court. In the filing, Party City Holdings Inc. will “implement an orderly wind down of its business and liquidation of its assets.” The company will put its assets up for bidding. However, if there’s no sale, it will “initiate store closing sales to…