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Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Payless Shoes Bankruptcy

Planning to close 400 stores, Payless Shoesource filed for bankruptcy, listing up to $1 billion in assets and up to $10 billion in debts.

ST. LOUIS — Planning to close 400 stores, Payless Shoesource filed for bankruptcy, listing $500 million to $1 billion in assets and $1 billion to $10 billion in debts; its largest creditor is Morgan Stanley Senior Funding: $145 million; at least $50 million appears to be owed to Chinese companies.

Categories / Business

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