Pier 1

Bankruptcy is never fun, but filing Chapter 11 bankruptcy for a company is a different type of financial and emotional strain, one that the retail chain Pier 1 is about to learn all too well. On February 17th, it became official that Pier 1, a home furnishing retailer with it’s headquarters located in Fort Worth, Texas, issued a press release to Business Insider that they will be “pursuing a ‘orderly sale process’ by filing for Chapter 11 bankruptcy.”