LL Flooring Holdings, Inc., formerly Lumber Liquidators, files for Chapter 11 Bankruptcy, closing 94 stores and trying to sell remaining locations due to post-pandemic challenges.
Chicken Soup for the Soul Entertainment, the owner of Redbox, has filed for Chapter 11 bankruptcy protection due to nearly $1 billion in debt and financial struggles. The company owes millions to over 500 creditors and had about $414 million in assets and $970 million in debts as of March this year.