Gottschalks Files for Bankruptcy

January 14, 2009 12:00:00 AM PST
Fresno based Gottschalks Inc. said it put itself up for sale and has filed to reorganize in a Chapter 11 bankruptcy. -----------------------------------------------------------------------------------------------
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Gottschalks Chapter 11 Filing Documents (PDF)
Gottschalks Customer Service Filing (PDF)
Gottschalks Employees Filing (PDF)
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The department store chain has negotiated a $125-million debtor-in-possession financing from a group of lenders led by G.E. Capital.

The financing still needs to be approved by a bankruptcy court. It would fund employee wages and benefits, some vendor payments and other operating expenses while it reorganizes.

Stay with Action News and ABC30.com for the latest on this developing story.

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