Particle.news

Download on the App Store

At Home Files for Chapter 11 Bankruptcy and Plans 26 Store Closures

At Home will eliminate nearly $2 billion in liabilities under a prearranged lender agreement to keep operating through its reorganization

Image
Customer entering at home home goods store, Rego Center Mall, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)
Image
Image

Overview

  • At Home filed for Chapter 11 bankruptcy on June 16, citing tariffs, inflation and increased competition for its financial distress.
  • The retailer entered a Restructuring Support Agreement with lenders holding over 95 percent of its debt to wipe out nearly $2 billion in obligations and secure $200 million in new funding.
  • As part of the restructuring, the company will close 26 underperforming stores by September 30, 2025.
  • At Home will maintain normal operations—including fulfilling orders, paying vendors and running its loyalty program—throughout the Chapter 11 process.
  • Upon completion of the reorganization, ownership of At Home will transfer to its lenders to strengthen its balance sheet.