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Update: Attention Brides! David’s Bridal has filed for Chapter 11 Bankruptcy

A Chapter 11 bankruptcy case has been filed in Delaware by Conshohocken PA based wedding gown retailer David’s Bridal Inc.  A Chapter 11 plan was filed with its Chapter 11 petition, so that this “pre-packaged bankruptcy case” should go through a speedier approval process than a regular bankruptcy case, as all major creditors have already agreed to the plan.  According to a company spokesperson, brides will hopefully still be able to get their wedding attire in a timely fashion.  Like many of its retail peers, David’s Bridal is plagued by a heavy debt load and a consumer shift to shopping online.  However, unlike the dozens of retailers that filed for bankruptcy and liquidated in recent years, David’s Bridal plans to emerge from a speedy court process with its stores still intact and continue its day-to-day business.  If you have any questions about this bankruptcy or the bankruptcy process, we would be happy to help you out.  For more information on the Chapter 11 details, please see the linked Chapter 11 petition, and also review the following article.