Mon, Apr 24th, 2023 - 8:00pm
January 27, 2023 - 2:00pm | By Kyle Cornell
(Union, NJ) -- There are even more financial problems for Bed Bath & Beyond as it faces a potential bankruptcy.
The chain has defaulted on a credit line it has with JPMorgan. It also said it doesn't have enough money to address debt on the books.
In the meantime, it's also going through a lot of cash and there isn't much left.
As of just after Thanksgiving, it has nearly 226-million dollars in the bank.