By and  on January 31, 2008

Jewelry and home furnishings retailer Fortunoff has stopped paying its bills in recent weeks and could be considering Chapter 11 bankruptcy court protection as well as other options to reorganize its business, financial sources said. The company said it is considering strategic alternatives.

One credit source stressed that a bankruptcy filing is only one option. A bankruptcy would give the specialty retailer some breathing room from its creditors.

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