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Coldwater Creek announced that the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, in order to facilitate an orderly wind-down of its operations. Coldwater Creek's stores and website are currently open for business and serving customers. The company expects to commence sales to liquidate its inventory in early May. In conjunction with its Chapter 11 filing, Coldwater Creek has received a commitment for $75M in "debtor-in-possession" financing from its existing lender, Wells Fargo. Subject to court approval, this financing will be available to support the company's operations during the wind-down process.