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2021’s First Bankruptcy: Christopher & Banks to Shut Hundreds of Stores in Chapter 11 Collapse

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Christopher & Banks Corp. has become the first fashion bankruptcy of 2021 after filing a voluntary Chapter 11 petition Wednesday that will close hundreds of stores. The filing in a Newark, N.J., federal bankruptcy court comes after the women’s fashion chain warned last month that it faced the possibility of going out of business. In a…

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