Party City, the go-to store in Maryland for essential party goods, filed for bankruptcy protection Tuesday, but its 761 U.S. stores are expected to continue business as usual.

Party City, the largest party goods, and specialty retail chain in the country, has 20 stores in Maryland, including locations in Bel Air, Annapolis, Columbia, Gaithersburg, Owings Mills, Pasadena, Rockville, Wheaton and Baltimore. Find the store closest to you.

In the Chapter 11 bankruptcy filing with the U.S. Securities and Exchange Commission, Party City HoldCo Inc. said it had reached an agreement with its creditors to cut $1.7 billion from its debt load.

Also, the party goods retailer said it had secured $150 million in financing that will allow it to keep stores open. In 2021, the permanent and temporary Party City stores employed more than 16,000 people in full- and part-time positions, CNN reported.