WeightWatchers filed for Chapter 11 bankruptcy in an effort to reduce its debt by more than $1 billion. However, CEO Tara Comonte said the weight-loss program has no plans to shut down, and that its 3.

WeightWatchers has filed for bankruptcy as more Americans turn to weight loss drugs to slim down.

Of all the weight-loss fads and companies that have come and gone, WeightWatchers might be amongst the most recognizable. Alas, this latest news might be signaling the end of an era. WeightWatchers just filed for Chapter 11 bankruptcy protections in U.S. Bankruptcy Court for the District of Delaware.