Thread regarding Charlotte Russe Holding Inc. layoffs

So I've heard from my supervisors and store managers that CR might be closing as a company. We've stopped selling merchandise credit and gift cards. Apparently many stores in our district are supposed to close. Our DM and RM aren't telling us anything. We've heard from people we know who are in other districts who have DMs that actually tell them things. Apparently CR is going to have to file for bankruptcy but managers are not sure if it will be Chapter 11 or Chapter 7. Either way, the company is not looking too good so hopefully things will change.