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Christmas Tree Shops to run liquidation sales in all stores




A well-known New England chain of stores is preparing for liquidation sales in all of its stores. According to the federal bankruptcy court filings, Christmas Tree Shops will liquidate all stores. The Wall Street Journal reported that this comes after it defaulted on a loan after filing for bankruptcy. The Massachusetts-based chain filed for bankruptcy in May. The WSJ reports that they took out a $45 million bankruptcy loan, but creditors canceled the loan after they defaulted because liquidity and earnings deteriorated. The federal bankruptcy court filing said any interested party can object to the exit sale by filing a response with the court by Thursday afternoon.

A well-known New England chain of stores is preparing for liquidation sales in all of its stores.

According to federal bankruptcy court filings, Christmas Tree Shops will liquidate all stores. The Wall Street Journal reported that this comes after it defaulted on a loan after filing for bankruptcy.

The Massachusetts-based chain filed for bankruptcy in May. The WSJ reports that they took out a $45 million bankruptcy loan, but creditors canceled the loan after they defaulted because liquidity and earnings deteriorated.

The federal bankruptcy court filing said any interested party can object to the exit sale by filing a response with the court by Thursday afternoon.



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