GREENSBORO, N.C.-- โ David's Bridal, the nation's leading bridal and special occasion wardrobe retailer, may be on the verge of filing for bankruptcy. All signs point to that after the company skipped an October 15 interest payment on a $270 million loan.
Failing to make a debt payment is often a precursor to filing for Chapter 11 bankruptcy protection, according to a story in USA Today. History says missing a major payment is usually a warning to creditors that the company is barreling toward a restructuring effort of some kind.