The Orlando Business Journal is reporting that the company which produces jewlery designed by JLo, has filed for bankruptcy protection.
It is reported the company sells the Endless Jewelry collection by Jennifer Lopez through 200 retail outlets. There is also an online outlet as well.
“The bankruptcy petition listed assets of $1 million to $10 million and debts in the same range. Endless Jewelry has yet to list its largest debtors or more detailed financials, but its creditor matrix lists Jennifer Lopez @ Axis-Caesars Entertainment as a party to be noticed.”
So you see, bankruptcy is a legal right and protection and it happens to the best of people and companies.