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By July 31, its remaining stores had closed. By Dennis Seid Daily Journal TUPELO The biggest business story of 2016 was the unfortunate demise of one of its oldest companies. After nearly 60 years in business, Hancock Fabrics was forced to liquidate. On Feb. 2, the company filed for Chapter 11 bankruptcy protection. It was the companys second time in less than a decade to file for Chapter 11. After filing in 2007, it emerged a year later.

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Bill Betty, Co-Founder losing Art enter Have Questions? Our goal

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