NEW YORK — Bed Bath & Beyond has filed for chapter safety, however the firm says its shops and web sites will stay open and proceed serving prospects.

The beleaguered dwelling items chain made the submitting Sunday in U.S. District Court in New Jersey, itemizing its estimated belongings and liabilities within the vary of $1 billion and $10 billion.

The transfer comes after the corporate based mostly in Union, New Jersey, did not safe funds to remain afloat.

In a press release, the corporate says it voluntarily made the submitting “to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.”

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