Less than a week after announcing the closure of several stores in our area, Bon-Ton Inc. has filed for Chapter 11 bankruptcy protection.
Chapter 11 allows a company to reorganize its finances and frees it from the threat of lawsuits from creditors.
In a news release Sunday, the company said its stores will remain open and sales announced last week are ongoing.
Bon-Ton said last week it plans to close dozens of stores in 2018, including several in our area.
More information on Bon-Ton's bankruptcy is posted at bontonrestructuring.com