Pacific Sunwear Said to Prepare Chapter 11 Bankruptcy Filing

Pacific Sunwear of California Inc., the long-struggling surfwear chain, is preparing to file for bankruptcy, according to people with knowledge of the situation.

The Chapter 11 filing could come as soon as next week, said one of the people, who asked not to be identified because the process isn’t public. The situation remains fluid, and the timing could change, the people said.