American Freight is closing all of its stores. Bankruptcy filing warns of possible paycheck delays for laid-off employees

The furniture retailer’s parent company has filed for Chapter 11 bankruptcy protection and says it can’t comply with “fast pay” laws during its final days.

It’s not been a great year for retail chains. Throughout 2024, bankruptcies at many well-known retail brands have led to store closures and lost jobs. And now in the final months of the year, there is another.