Not sure what this means exactly- saw the below article on The Dallas Morning News website. Is it cause to be worried?
Z Gallerie Inc., a Gardena, Calif.-based home decor retailer with two stores in Dallas, filed for Chapter 11 bankruptcy Friday.
The privately held chain said it voluntarily filed to remove its liability from leases and to strengthen its balance sheet.
Last month, it closed a distribution center in Atlanta and 21 stores, leaving several markets. A spokesman said there are no plans to close its seven Texas stores.