The Bon Ton files for bankruptcy, but plans to keep sole Mass. location in Westfield open |

Department-store chain The Bon-Ton Stores Inc. filed for Chapter 11 bankruptcy protection Monday, less than a week after announcing plans to close 47 stores across its chain.  That list doesn’t include the Bon-Ton in the Westfield Shops, the chain’s only Massachusetts location.  Chapter 11 of federal bankruptcy law buys a company time by protecting them from creditor lawsuits.  Bon-Ton told investors Monday it has a commitment from its creditors for up to $725 million in financing which could allow the company to operate as it restructures.

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