PARTY City has reached an agreement to exit its Chapter 11 bankruptcy proceeding after a judge approved the brand’s debt management plan. Party City has closed 39 stores to regain profits and reduce debt. GettyParty City reached an agreement to exit Chapter 11 Bankruptcy[/caption] Party City’s attorney, Ken Ziman, said the retailer will shutter a “handful” of its nearly 800 stores to regain profitability, according to Reuters. U.S. Bankruptcy Judge David Jones agreed to the terms of the bankruptcy, which wipes a $1.4billion bill the company was supposed to send to its shareholders. “The math is what the math is,” Jones said to a shareholder in the court proceeding. “It’
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