Home Videos Photos
PerezHilton CocoPerez Celeb Love Kylie Jenner Met Gala PerezTV Contact Perez

American Apparel May File For Chapter 11

| Filed under: Business BlitzAmerican Apparel

american-apparel-posts-3rd-quarter-loss-of-almost-10-million__opt.jpg

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.

Bummer.

[Image via AP Images.]

Tags: , , ,

Email this  »
Controversial Fashion Figures: Dolce & Gabbana, John Galliano, Coco Chanel, And More!
10 Movies That Hollywood Keeps Trying (And Failing) To Make!
Merchandise Inspired By 50 Shades Of Grey
The Top 10 Highest Grossing Movie Stars Of 2014!
Classic Movies That Were Actually Box Office Bombs!
The Top Earning Actresses In TV!

Comments are closed.