Bargain Hunt, a discount retail chain with 92 locations, has filed for Chapter 11 bankruptcy, revealing its financial struggles with substantial liabilities outpacing its assets. The company, owned by Essex Technology Group LLC, has not specified the reasons for its bankruptcy but indicated it faces significant challenges with between 1,000 and 5,000 creditors. All remaining stores will enter going-out-of-business sales, marking an end to Bargain Hunt's operations in states including Tennessee, Alabama, and Georgia as the retailer grapples with a tough retail landscape.
Bargain Hunt filed for Chapter 11 bankruptcy protection amid mounting liabilities, indicating significant financial struggle with over $50 million in estimated liabilities and over 1,000 creditors.
The discount retailer has announced store closures across its 92 locations in 10 states, primarily in Tennessee, with going-out-of-business sales set to begin soon.
Collection
[
|
...
]