American Apparel files for bankruptcy

© REUTERS/Jonathan Alcorn

American Apparel files for bankruptcy - Troubled teen apparel  store  American Apparel Inc filed  for  bankruptcy  safety measures   with  Monday  AND ALSO  said  It  had reached  an  restructuring  assistance  agreement  within  95 percent  regarding   the  secured lenders.

"This restructuring  will probably  enable American Apparel  in order to   always be   a  stronger,  additional  vibrant company," Chief Executive Paula Schneider said  with   a great  statement.

The  business  listed assets  ALONG WITH  liabilities  associated with  between $100  trillion   ALONG WITH  $500  thousand   inside   their  bankruptcy filing.

The case  is   with  U.S. Bankruptcy Court, District  connected with  Delaware, Case No: 15-12055.