Party City is going out of business nationwide: See full list of store closures

The filing was done early Saturday in the U.S. Bankruptcy Court for the Southern District of Texas. Party City has already emerged from a previous bankruptcy last year with about $1 billion less in debt.

The company will put its assets up for bidding or, if there’s no sale, “initiate store closing sales to liquidate all of the Party City Group Companies’ retail and wholesale inventory and locations,” according to the filing.

Like many other retailers, Party City marked down prices in September – on more than 2,000 items by an average of 20% – to attract skittish customers and drive sales.