(5-3-24) rue21, a mainly mall-based chain that caters to teens, that plans to close all its of 540 stores after filing for Chapter 11 bankruptcy protection for a third time.

Three stores are located in the stateline area including the Lima Mall, Glenbrook Mall and the Muncie Mall.

The company, based in Warrendale, Pennsylvania, on Thursday filed a bankruptcy petition in Wilmington, Delaware. Rue21 also sought Chapter 11 protection from creditors, and previously closed hundreds of brick-and-mortar locations, in 2003 and 2017. In this go-around, Rue21 said its entire store fleet is scheduled to close in the next two months. The company is looking to separately sell its intellectual property rights.