Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

Joann, the Ohio-based fabric and craft store, has again filed for bankruptcy and plans to sell all assets to the same company that recently acquired Big Lots. One of

Could a Joann fabric, craft store be closing near you? The national retail chain is declaring bankruptcy for the second time in a year. What we know

Joann Inc., the Hudson, Ohio-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday — the company's second bankruptcy filing in two years.

Currently an investment firm from Boston specializing in distressed companies is the stalking horse bidder. Late last month, the same firm struck a deal that will save about half of bankrupt discount chain Big Lots' stores from going out of business.

Joann Fabrics is filing for bankruptcy for the second time since last March, and there is already talk of a bidder that might buy the company.

Joann is filing another bankruptcy which will likely require the company to liquidate most stores across the country, including Maine

The specialty retail chain, which says it has $615 million in debt and just $8 million in cash, is seeking Chapter 11 protection for the second time in a year.

Joann, the fabrics and crafts retailer, has filed for bankruptcy for a second time within a year and announced that it’s seeking a sale.

After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again amid sales troubles and inventory challenges.

With a Chapter 11 informational site set up at the company makes clear in its Suppler FAQ that "Gordon Brothers has indicated that it intends to pursue

Only time will tell whether Joann, the nation's largest retailer of fabric and crafts, will survive in Northpark Mall. The company recently filed for bankruptcy protection for the second time within a year.