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Party City is going out of business, files for Chapter 11 bankruptcy

USA Today
Summary
Nutrition label

80% Informative

Party City filed for Chapter 11 bankruptcy early Saturday in U.S. Bankruptcy Court for Southern District of Texas .

Retailer emerged from previous bankruptcy in January 2023 and emerged from process in October 2023 with $1 billion less in debt.

CEO Barry Litwin told corporate employees Friday that Party City is "winding down" operations immediately.

VR Score

77

Informative language

73

Neutral language

60

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

12

https://www.cnn.com/2024/12/20/business/party-city-shut-down/index.htmlhttps://www.cjonline.com/story/business/2024/09/21/party-city-topeka-closing-company-bankrupt/75313177007/https://shopping.yahoo.com/rdlw?merchantId=10ec1fa2-6440-4b7c-800a-1db395c30700&siteId=us-y4p&pageId=1p-autolink&contentUuid=01d9b160-277c-32ba-a308-2abafc5b75f2&featureId=text-link&merchantName=Party+City&custData=eyJzb3VyY2VOYW1lIjoiV2ViLURlc2t0b3AtVmVyaXpvbiIsImxhbmRpbmdVcmwiOiJodHRwczovL3d3dy5wYXJ0eWNpdHkuY29tL2NvcnBvcmF0ZS1wcmVzcy1yZWxlYXNlcy1wYXJ0eS1jaXR5LXNsYXNoZXMtcHJpY2VzLW9uLTIwMDAtSXRlbXMuaHRtbCIsImNvbnRlbnRVdWlkIjoiMDFkOWIxNjAtMjc3Yy0zMmJhLWEzMDgtMmFiYWZjNWI3NWYyIiwib3JpZ2luYWxVcmwiOiJodHRwczovL3d3dy5wYXJ0eWNpdHkuY29tL2NvcnBvcmF0ZS1wcmVzcy1yZWxlYXNlcy1wYXJ0eS1jaXR5LXNsYXNoZXMtcHJpY2VzLW9uLTIwMDAtSXRlbXMuaHRtbCJ9&signature=AQAAAcYw8S3RwQ9p1LBP_RbzhR01pr5bzP1s3HStCH6SggvC&gcReferrer=https%3A%2F%2Fwww.partycity.com%2Fcorporate-press-releases-party-city-slashes-prices-on-2000-Items.html&refurl=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fmoney%2F2024%2F12%2F21%2Fparty-city-closing-stores-bankruptcy%2F77106840007%2Fhttps://twitter.com/MikeSniderhttps://www.usatoday.com/story/money/2024/12/21/party-city-closing-stores-bankruptcy/77106840007/https://www.timesrecordnews.com/story/news/local/2024/11/18/partys-over-for-one-wichita-falls-store/76400513007/https://www.threads.net/@mikegsniderhttps://profile.usatoday.com/newsletters/everyones-talking/https://www.northjersey.com/story/news/business/2024/12/12/party-city-bankruptcy-second-time/76941439007/https://www.northjersey.com/story/news/new-jersey/2024/10/11/former-party-city-employees-file-class-action-lawsuit-layoffs/75606246007/https://www.prnewswire.com/news-releases/pchi-successfully-completes-financial-restructuring-process-301955497.htmlhttps://www.bloomberg.com/news/articles/2024-12-11/party-city-mulls-second-bankruptcy-just-over-a-year-after-first

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