American Apparel is $120 Million in Debt and Might Actually Have to File for BankruptcyAmerican Apparel is $120 Million in Debt and Might Actually Have to File for Bankruptcy It's looking more and more dire for American Apparel. In the company's most recent financial statement, released today, AA remarks that it "may not have sufficient liquidity necessary to sustain operations for the next twelve months." Eek. There are plenty of reasons as to why this is happening. As we've report
