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Party City files for Bankruptcy with plans to restructure mounting debt-is the party over? CNBC is reporting that Party City has filed for Bankruptcy protection. The story can be found at 
Many people think of having to file bankruptcy as a failure, I thought the same thing myself until I had to file for bankruptcy protection. The process was quite simple and easy, much easier than anything I read on the internet.
Coming Soon:
Audio of the bankruptcy court hearing that can be played with one click: 
It is almost always advisable to file a proof of claim!