Home Videos Photos
PerezHilton CocoPerez Selena Gomez Bieber Khloe K. Adele PerezTV

American Apparel May File For Chapter 11

| Filed under: Business BlitzAmerican Apparel


It looks like American Apparel is finally coming to terms with their crappy financial situation.

The scandal-plagued company said in their filing with the SEC on Thursday, they "may need to voluntarily seek protection under Chapter 11 of the U.S. Bankruptcy Code" if cash flow doesn't improve.

AA went on to add they may be forced to liquidate if they can't come up with a reorganization plan or find bankruptcy financing.


[Image via AP Images.]

Tags: , , ,

Email this  »
15 Biggest Box Office Flops Of 2015!
YA Movie Adaptations -- From Least To Most Successful!
Celebrities Who Love Pumpkin Spice Lattes
Top 10 Earning Actresses Of The Last Year -- And What They Made!
Who Should Replace Donald Trump On Celebrity Apprentice??
The 15 Biggest Box Office Bombs All Time!

Comments are closed.