40-year-old party store franchisee files Chapter 11 bankruptcy

Résumé détaillé

Shopping in-person for balloons and supplies for special event parties became a lot more difficult after Party City shut down over 700 of its stores after its 2024 bankruptcy.…

Shopping in-person for balloons and supplies for special event parties became a lot more difficult after Party City shut down over 700 of its stores after its 2024 bankruptcy.

Consumers could try checking out Walmart or Target, but the choices at those stores are very limited compared to what Party City offered.

Shoppers can always try online retailers for merchandise, but you can't physically see and feel the products you are buying to make sure you are purchasing the right items. The options are shrinking as remaining independent Party City store operators file for bankruptcy and in some cases close their stores.

Party City of Arkansas Inc., which operates the party supplies retailer's franchise locations in Little Rock and Fayetteville, Ark., filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Eastern District of Arkansas, seeking to reorganize its debts. The company continues operating its stores as of Nov. 10.

The Little Rock, Ark.-based debtor listed $1 million to $10 million in assets and liabilities according to its petition, filed on Nov. 5, 2026.

The Party City franchisee was not a debtor in franchisor Party City Holdco Inc.'s bankruptcy filing on Dec. 21, 2024.

Party City of Arkansas is one of a handful of Party City franchisees that continued operating store locations after the parent company filed for bankruptcy and closed about 700 locations.

Independent Party City franchisees operated 19 brick-and-mortar locations in the U.S. and Puerto Rico when 2026 began. Since January, eight Party City independent store franchisees closed stores in Austin and San Antonio, Texas; Midlothian, Va.; Honolulu; and all four in Puerto Rico: Bayamon, P.R.; Caguas, P.R.; Guaynabo, P.R.; and Mayaguez, P.R., according to the Party City store locator.

The 11 remaining Party City store locations include: Fayetteville; Little Rock; Bakersfield, Calif.; Fontana, Calif.; Hawthorne, Calif.; Porter Ranch area of Los Angeles; Sherman Oaks area of Los Angeles; South…

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