Report: Linens 'N Things may file for bankruptcy

NEW YORK Linens 'N Things my file for bankruptcy protection by April 15, The Wall Street Journal reported April 11. Citing sources familiar with the situation, The Journal said that the company is looking to avoid filing for Chapter 11 by coming to an agreement with its lenders, though this is not likely.

Linens 'N Things reported a net loss of $62 million for the fourth quarter of 2007, compared with a net loss of $22.5 million in the prior year period.