Eddie Bauer files for bankruptcy protection Another U.S. retail icon falls victim to the recession updated 2 hours, 28 minutes ago NEW YORK - Eddie Bauer Holdings Inc. is seeking Chapter 11 bankruptcy protection, the latest retail casualty of the recession. The clothing retailer had $476.1 million in total assets and $426.7 million in total debt at the time of the filing Wednesday in the United States Bankruptcy Court of the District of Delaware. The Wall Street Journal reported, citing anonymous sources, that the company is likely to be acquired by private-equity company CCMP Capital Advisors. Baltimore Bob states "There clothing sucked and it was too expensive". Case closed.