Ch. 11 for David's
A month after having stopped payment on its debt, David's Bridal, the Conshohockenbased bridal-stores chain, filed for Chapter 11 bankruptcy in Wilmington on Monday morning.
The company said its more than 300 stores would remain open and continue supplying wedding dresses and accessories while it works to persuade creditors to shave more than $400 million from its debt.
"David's Bridal has sufficient liquidity to meet its business obligations and will continue to operate its business...