Plastic-surgery chain Lifestyle Lift filed for Chapter 11 protection Friday, three-and-a-half weeks after abruptly shutting down its business and laying off its staff of nearly 400, the Wall Street Journal reported on Saturday. The bankruptcy court filing lists assets of less than $50,000 and liabilities of between $10 million and $50 million. Lifestyle Lift said that it is negotiating with a new management company to reopen most, if not all, of its roughly 50 surgery centers. The new company “is hoping to rehire the former employees at those centers, including doctors and medical staff.” The company, which filed for bankruptcy along with several related entities, owes money to vendors including Botox maker Allergan Inc.
