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Discount Retailer Daffys Files for Bankruptcy

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Daffy's, the New York area chain specializing in discounted designer labels, filed for bankruptcy protection, Reuters reported yesterday. The filing follows its announcement last month that it would liquidate its 19 stores. According to its chapter 11 filing, Daffy's 30 largest unsecured creditors are owed amounts ranging from $54,000 to $613,000.