Family Christian announced today it is closing all of its stores after 85 years in business—just two years after suppliers forgave $127 million in debt during the Christian retail chain’s 2015 bankruptcy filing.
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Family Christian Stores plans to restructure and has filed for a sale of its assets and operations under Section 363 of Chapter 11 of the U.S. Bankruptcy Code. Family Christian Stores does not expect to close any stores or lay off any employees.