True Value Company, which has 4,500 locations across the country selling everything from tools to lumber to plumbing supplies and other home improvement goods, filed for bankruptc

National chains like Bed Bath and Beyond, Party City, Big Lots, and Tupperwear have all filed for bankruptcy and have gone out of business. On Monday we reported that Dirt Cheap announced they would be closing their stores in Louisiana and nationwide. Unfortunately another national chain has announced they are filing for bankruptcy on Monday.

True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.

Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.

True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival — the latest hardware company to succumb to a weak housing market, the company said. The Chicago-based company said it would continue day-to-day operations at its 4,

True Value, a well-known home improvement company, entered into a sale agreement early Monday morning after filing for Chapter 11 bankruptcy.