High-end hair-styling chain Capelli Salon has filed for Chapter 11 bankruptcy protection in an attempt to restructure its debts. The company's parent, Capelli Partners LLC, filed its Subchapter V petition listing $1 million to $10 million in assets and liabilities. The salon chain continues to operate as normal and does not plan to close locations. Other beauty retailers, including several spas across the country and major cosmetics companies, have filed for bankruptcy protection over the past year.