Bed Bath & Beyond filed for Chapter 11 bankruptcy on Sunday. Court filings show that as of late November, Bed Bath had $4.4 billion in assets and $5.2 billion in debts. The troubled home goods retailer issued a “going concern notice” in January, saying they may not have enough cash to cover their costs after a disappointing holiday season. The company has filed motions in New Jersey bankruptcy court asking permission to auction the two brands, and its stores will remain open as it closes its business and liquidates its assets. Shares of the company closed at 29 cents Friday compared to $20 a share in April 2022, giving it a market value of $136.9 million.