California based clothing store and label, No Fear, has filed for Chapter 11 bankruptcy, in an effort to reorganize the company's finances while continuing to operate its businesses.

The company's CEO, Mark Simo, has stated that the clothing company's financial misfortunes have been due to the down-turned economy. The company is based in California and has forty-one stores in the U.S., including one in Arizona.

All of the chain's stores will remain open, and the bankruptcy should not affect consumers in any way.

If your business is having financial problems, and you would like to learn more about filing for Chapter 11 banruptcy, please contact the Arizona Chapter 11 bankruptcy lawyers of the Harmon Law Office, LLC at 480-829-0494.