As a result of the decline in housing and commercial design and construction, Looney Ricks Kiss Architects announced that it has filed for Chapter 11 Bankruptcy reorganization. The firm, which recently closed five of its nine offices, will continue operating out of the four remaining offices in Memphis, Princeton, N.J., Celebration, Fla., and Baton Rouge, La.

Read the news from the Memphis Business Journal.

Read more about the firm's financial situation from Memphis-based The Commercial Appeal.