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American Apparel Bankrupt Or Startup?

   So we all know American Apparel has been in the headlines for a few major incidents. Incidents such as, the CEO of the big brand calling the models instagram "thots" or the infamous and scandalous photoshoots showing and promoting body parts rather than the clothes. 
   Recently, American Apparel broke the internet again with bankruptcy headlines. But, while filing for bankruptcy they are going to be receiving $70 million dollars for new capital (new clothing, retail space, etc) as well as $90 million-dollar loan to keep the brand going. 
   So is this Bankruptcy or just a way to make an old brand get a new image?

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