Sunday's chapter 11 bankruptcy filing wasn't a surprise. Gymboree has been struggling along with other brick-and-mortar retailers against a switch by consumers to online shopping. Rivals like Children's Place Inc. and the Gap Inc. have the advantage of lighter debt burdens, Mr. Mesterharm said in court papers. With major debts starting to coming due in December, earnings in decline and vendors demanding tighter payment terms, Gymboree faced liquidity issues that pushed it into talks with lenders, and a chapter 11 filing Sunday. The turnaround plan includes an infusion of up to $115 million in new money, $35 million is in the form of bankruptcy financing, court papers show The rest will be raised as part of Gymboree's bankruptcy exit, court papers say. Funding for the chapter 11 process comes from some of the lenders that have agreed to cast crucial votes in support of the plan, investors in Gymboree's $789 million secured term loan.