More Downtown Retail

**ParisianLesion** · June-12-15, 07:03 PM

Originally Posted by 401don

I click on the Freep article and up pops a banner article that Olga's has filed for bankruptcy! One in, one out.

Not necessarily. Olga's filed Chapter 11 which is intended to reorganize debt and keep operating.

**313WX** · June-13-15, 08:09 AM

Originally Posted by ParisianLesion

Not necessarily. Olga's filed Chapter 11 which is intended to reorganize debt and keep operating.

That's a good point.

But more often than not, unless there's a merger or government assistance, companies that file for Chapter 11 bankruptcy eventually end up going through liquidation any way. Not saying that will happen to Olga's, but there's usually structural issues within the business that can't be fixed by a simple reorganization of debt.