Mandee Parent Files for Chapter 11

Big M Inc., which operates the Mandee Shops and Annie Sez nameplates, filed for Chapter 11 bankruptcy court protection Sunday night and became the first retailer to file in 2013.

The filing was in a Newark bankruptcy court. The Totowa, N.J.-based firm owes $15 million to unsecured creditors. It also owes $3.2 million to Salus Capital Partners and other secured lenders. The largest unsecured creditor is CIT Group/Commercial Services, owed about $2 million.