Reuters: Bankruptcy News: Discount retailer Daffy's files for bankruptcy

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Discount retailer Daffy's files for bankruptcy Aug 1st 2012, 23:55 NEW YORK | Wed Aug 1, 2012 7:55pm EDT NEW YORK Aug 1 (Reuters) - Daffy's, the New York area chain specializing in discounted designer labels, filed for bankruptcy protection on Wednesday. The filing follows its announcement last month that it would liquidate its 19 stores. The off-price clothing chain's bankruptcy comes after two other discount retailers, Syms Corp and Filene's Basement, filed for bankruptcy late last year. According to the Chapter 11 filing in New York federal court, Daffy's 30 largest unsecured creditors are owed amounts ranging from $54,000 to $613,000.

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