Bed Bath & Beyond Declares Bankruptcy Amid Financial Struggles 🛍️

Bed Bath & Beyond Inc (BBBY) filed for Chapter 11 bankruptcy protection on Sunday, reports Reuters. <br /><br />According to its court filing, the big box store filed for bankruptcy in the U.S. District Court in New Jersey, listing its estimated assets and liabilities in the range of $1 billion and $10 billion.<br /><br />The company said it has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending Inc, according to Reuters.