Kids Brands, a New Jersey based company filed for relief under Chapter 11 this week. The company makes bedding, furniture and toys for infants. Products are sold under the brands of Carters and Graco.  Bankruptcy filings show the company reports having less than $35 million in assets but close to $110 million in debt.  Even though the intention is to sell the company, a statement issued on behalf of Kids Brands states that it will seek financing to continue operating while in bankruptcy.

For the full story read, “Kid Brands Files Bankruptcy With Plan to Sell Business.”

Image credit:  Tom & Katrien