It's official: Neiman Marcus files for bankruptcy

Neiman Marcus Group Inc. has started Chapter 11 bankruptcy proceedings. Dallas-based Neiman Marcus Group, which listed its liabilities between more than $1 billion and less than $10 billion in a court filing, has entered into a restructuring support agreement with a significant majority of its creditors to go through a financial restructuring. The Wall Street Journal recently reported the company has about $4.7 billion in debt. Court documents show Neiman Marcus has creditors that number between…