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Idaho Based Honks $1.00 shutting Down Stores

flickr.com, TheChanel

BOISE, Idaho (AP) — Boise-based chain store Honk’s $1.00 has filed for Chapter 11 bankruptcy protection. The Idaho Statesman reports the company made the filing last week and is seeking to reorganize free from creditors’ lawsuits. The company on its website lists seven stores in Idaho, including Twin Falls, five in Utah and one in Oregon and another in Nevada. The company lists $4 million in debts, including about $27,000 in sales tax to Utah, about $20,000 in rent, and vacation pay to several employees.

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