Bed Bath & Beyond receives default notice

NEW YORK: Bed Bath & Beyond Inc edged closer to a bankruptcy filing on Thursday after the retailer said it has received a default notice from JPMorgan Chase & Co, its loan agent, and warned it didn’t have enough funds to make payments.

Creditors are demanding immediate repayment of the company’s debt after it breached the terms of a credit line, according to a regulatory filing Thursday.

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Bed Bath & Beyond , retail , bankruptcy , debt , consumer


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