Pier 1 Imports, Inc., along with its seven affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia on February 17, 2020. The debtor listed its assets of $0.14 million and liabilities of $340.58 million. The debtor is represented by Michael A. Condyles of Kutak Rock LLP, Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP as its legal counsels. The debtor also hired PricewaterhouseCoopers LLP as its accountant and AlixPartners, LLP and Guggenheim Securities, LLC as its financial advisors.