Clothing retailer Forever 21 may be getting ready to file for bankruptcy.

The company has been working to restructure its debt, and get additional financing but hasn't had any luck. Bloomberg News reports, bankruptcy could actually help its bottom line by recapitalizing and getting rid of stores that aren't making money.

The move could cause problems for mall owners, since the company has a significant mall presence. Forever 21 operates more than 800 stores around the world.