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Thursday, June 12, 2008

Local Goody’s Will Not Close Due To Bankruptcy Filing

   The Lawrenceburg Goody’s Family Clothing will not be among those closing due to a recent bankruptcy filing, company officials report.

   Officials report that the retailer filed for Chapter Eleven Bankruptcy Protection on Monday, through the U.S. Bankruptcy Court for the District of Delaware, where the company is registered.

   Under the terms of the Voluntary Petition for Reorganization filed by the company, sixty-nine of the chain’s 355 stores will close. By the end of the year, that number could rise as high as 103. In addition, the petition calls for the chain to close a distribution center located in Arkansas.

   Company officials indicate that the Lawrenceburg store was not listed among those slated for shut-down.

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