A number of well known brands have declared bankruptcy in 2017. Here are the 6 biggest names. True Religion sales have been declining in recent years and officially sought bankruptcy protection this week to help slash debt. Radio Shack filed for bankruptcy in consecutive years this March. Payless requested bankruptcy protection and will close 400 stores. Wet Seal completely shut the door on all its business operations. Gymboree is closing hundreds of stores as it struggles to compete with rivals like The Children's Place. The limited announced in January that it would be closing all 250 of its U.S. stores. It will remain an online business.
