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American Apparel announced plans to file for Chapter 11 bankruptcy late Sunday, ending mounting chatter surrounding the Los Angeles firm and its ability to continue operating.

Troubled teen apparel retailer American Apparel Inc filed for bankruptcy protection on Monday, Reuters reported.

Schneider is tasked with reviving the company as it attempts to recover from years of falling profits at the same time it’s embattled in multiple lawsuits from ousted founder and ex- CEO Dov Charney.