Retailer Eddie Bauer Holdings may be facing bankruptcy in the near future. The company has experienced three consecutive years of losses and has a heavy debt load on top of that. This may drive them to file as early as this week.

Eddie Bauer reported $2.6 million in cash and $188 million in long term borrowing for the quarter ending April 4. It also reported a loss of $44.5 million in sales in the same time period. However, there is still no definitive answer on whether they will file for bankruptcy.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn  & Associates at 800-975-5346.