David’s Bridal, the largest wedding retailer in the U.S., filed for Chapter 11 bankruptcy protection Monday as it tries to shed more than $400 million in debt and adjust to new rivals, but it promised brides no one would lose their gowns.

The company is the latest bridal business to flounder in the face of sliding marriage rates, intense price pressures on dresses and a shift away from elaborate and expensive fittings toward easy online ordering.

Before going to bankruptcy court in Delaware, David’s had already negotiated a deal with creditors for $60 million in new financing and a recommitment for a $125 million revolving credit facility.