Will bankruptcy be enough to save Belk? Here's what analysts think

Belk Inc. entered — and exited — Chapter 11 bankruptcy protection in less than 24 hours this week. It was a whirlwind turnaround, expedited by a reorganization plan that was pre-approved by the majority of the company's debt holders.  That filing erased $450 million in debt and infused $225 million in new capital into the business; the longtime Charlotte retailer say it has no plans to close any of its 291 stores, which include eight in the Triad. Belk issued a statement Wednesday, stating…