Women, including celebrities like Ashley Graham and Tess Holliday, are speaking out against the lack of size inclusivity in the fashion industry. Men, like Tim Gunn, are also advocating for diversity in sizing. The average American woman now wears a size 16-18, yet there is still a lack of representation for larger sizes in high fashion.

Plus-size clothing retailer Ashley Stewart has filed for Chapter 11 bankruptcy protection in New Jersey. The company reported assets between $10M-$50M and liabilities between $50M-$100M. This is the third bankruptcy event in the company’s history, with previous filings in 2010 and 2014 due to financial challenges.

The bankruptcy filing aims to halt a contested sale transaction and prevent liquidation until the matter is resolved in court. Creditors are prohibited from taking action to collect debts or assets. The stay prevents repossession, foreclosure, or other enforcement actions, providing temporary protection for the company.

Despite the bankruptcy filing, Ashley Stewart continues to operate its retail stores and e-commerce business. The Chapter 11 petition allows the company to reorganize debts and maintain operations during the bankruptcy process. The filing indicates that funds will be available for distribution to unsecured creditors, ensuring ongoing business operations.

Read more at Yahoo Finance: Plus-size fashion retailer files Chapter 11 to stop liquidation