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Bankruptcy isn't just for broke companies

Jan 3, 2018 - The Cincinnati Enquirer (Ohio)

Chapter 11 allows retailers

to break leases on money-

losing stores and to slash loans, which are critical to reducing potential losses.

If you only looked at its profit statement, you might have thought teen-fashion retailer Rue21 was a raging success. After all, it earned $54 million in 2016.

But instead of waiting to fall into serious red ink, Rue21 abruptly filed for bankruptcy in May. And it's not alone.

Rue21 is part of the trend of retailers that are filing f

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