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Love Culture Inc. yesterday filed for Chapter 11 bankruptcy, becoming the latest women's apparel retailer to seek protection from creditors, and said it may be sold after having received interest from possible buyers, Reuters reported yesterday. The company, which according to its website has 82 stores stretching from Massachusetts to Hawaii, joins Ashley Stewart Holdings Inc., Coldwater Creek Inc., Dots LLC and Loehmann's Inc. among retailers to file for bankruptcy since late last year as consumers curb spending and visit malls less. In a court filing, the company's chief restructuring officer, Rick Bunka, said sales remain below projections, while vendors in April began curbing credit and demanding payment for goods faster or upon delivery, leading to "significant liquidity challenges." Love Culture said it plans during the bankruptcy process to close money-losing stores, restructure its debt and investigate options "including a possible sale of substantially all of its assets as a going concern."

Windsor Petroleum Transport Corp., citing a drop in oil exports and a worldwide tanker glut, sought bankruptcy protection to restructure more than $188 million of debt, Bloomberg News reported yesterday. Windsor, a subsidiary of billionaire John Fredriksen’s oil-shipping company Frontline Ltd., listed debt of more than $100 million and assets worth about $50,000 in a chapter 11 petition filed yesterday in U.S. Bankruptcy Court in Wilmington, Del. The company operates four very large crude carriers. The filing came a day before Windsor officials were slated to make a $14 million payment on more than $188 million of debt, according to Tradewinds, an oil-shipping newsletter. Windsor officials said that they’ve reached an agreement with noteholders of more than 70 percent of the company’s 7.84 percent secured notes to swap debt for equity. The company will wipe out $188.5 million of bonds under trusteeship of Bank of New York Mellon Corp.

A western Nebraska nonprofit corporation that provides social services says that it is filing for bankruptcy protection from its creditors, the Associated Press reported on Friday. The agency is Gering, Neb.-based Community Action Partnership of Western Nebraska and it runs more than 45 programs, including Head Start and a medical clinic. Its money comes from fees, grants, fundraising and government sources. Interim executive director Margo Hartman says that the intention is "to get this into a stable spot and keep providing services." Hartman said that there would be no immediate effect on employees or services but says some programs eventually could be eliminated if they aren't financially viable.

Court documents show that Crumbs Bake Shop Inc. may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, Reuters reported on Saturday. Crumbs, which specialized in oversized cupcakes and went public in 2011, shuttered its nearly 50 locations in 10 states and the District of Columbia on July 7 and filed for chapter 11 protection on Friday. Part of the group seeking to buy the chain is Marcus Lemonis, star of CNBC reality show "The Profit" and known as the "business turnaround king." He, along with Fischer Enterprises LLC, the owner of Dippin Dots, would provide debtor-in-possession financing and subsequently buy the cupcake chain through a joint venture called Lemonis Fischer Acquisition Co., according to the document. They would reform Crumbs as a privately held company, reopen its stores and resume operations.

Love Culture Inc., a women’s-wear retailer with more than 80 stores, is preparing to file for bankruptcy in a New Jersey court, Bloomberg News reported on Friday. The chain will seek to continue operations and sell itself as a going concern. Love Culture was founded in 2007 by Jai Rhee and Bennett Koo, former executives at fast-fashion retailer Forever 21, with the aim of selling affordable style to young women. Lowenstein Sandler LLP and New York-based PricewaterhouseCoopers LLP are representing the company.

An investment group that owns a piece of a major telecom firm in the Republic of Georgia filed for bankruptcy in a U.S. court on Monday, facing a deadline to pay more than $11 million to noteholders, Dow Jones Daily Bankruptcy Review reported today. MIG LLC, which operates as Metromedia International Group Inc., filed for chapter 11 protection in Wilmington, Del., blaming a dispute that stopped the flow of profits from its only major investment: a 46 percent stake in the ownership group that owns telephone provider Magticom Ltd.

Five entities with a stake in land where the ambitious Las Vegas W hotel was supposed to be built filed for bankruptcy in Nevada on Wednesday, Dow Jones Daily Bankruptcy Review reported today. In filings with U.S. Bankruptcy Court in Las Vegas, the five businesses listed assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion.

Nautilus Holdings Ltd., a Bermuda-chartered company that leases container ships, has filed for chapter 11 protection, becoming the latest victim of a depressed shipping industry, Reuters reported yesterday. The company has about $770 million in debt, according to papers filed on Monday with the U.S. Bankruptcy Court in Manhattan. International shipping rates have fallen in recent years as large new vessels entered service at the same time that a sluggish global economy was curbing trade. Nautilus said that it had some profitable charter contracts and believed it was well-positioned to restructure its obligations, but it filed for bankruptcy protection to bring creditors into a single forum for negotiations.

Source Home Entertainment, which trucked magazines from warehouses to retailers for Time Inc. and other publishers, filed for chapter 11 protection after losing money for years, the New York Post reported today. While Time Inc., which publishes some of the best-read magazines in the country, like People, Sports Illustrated and InStyle, was the hardest hit by Source’s shuttering, the entire industry felt the blow, and some retailers could see a magazine shortage this summer as the industry looks for other companies to fill the void and get their titles to stores. Source is owned by Golden Tree Asset Management, a hedge fund, with an 82 percent stake; JPMorgan owns 9.3 percent and GE Capital has a 5.7 percent stake. In its filing, Source listed assets of $205 million and debts of $290 million, as of March 31. Source Home Entertainment, which filed for court protection for its operating unit, owes Time Warner Retail Sales $53,776,843, according to court papers. Time Inc., in a regulatory filing last month, said that it expected Source’s shutdown to cost it about $14 million in net profit in 2014.

Kid Brands Inc., which designs and makes infant bedding, furniture and toys sold under brands including Carters and Graco, filed for bankruptcy protection with a plan to sell its assets, Bloomberg News reported yesterday. The East Rutherford, N.J.-based company listed assets of $32.4 million and debt of $109.2 million in chapter 11 papers filed on Wednesday. The board’s decision to sell “is in the best interests of the company and its stakeholders” and followed a review of strategic and financing alternatives, Kid Brands said today in a statement. Kid Brands will seek approval of $49 million in debtor-in-possession financing from existing lenders Salus Capital Partners LLC and Sterling National Bank so it can continue to operate in bankruptcy, according to the statement. Units that sought court protection were Kids Line LLC, LaJobi Inc., Sassy Inc. and CoCaLo Inc. Affiliates I&J HoldCo Inc. and RB Trademark Holdco LLC also filed. The case is In re Kid Brands Inc., 14-bk-22582, U.S. Bankruptcy Court, District of New Jersey (Newark).