The retailer has been working with advisors in recent months to stave off a bankruptcy filing while its financial position worsened.Initially, Bed Bath was working with Berkeley Research Group, but opted to replace the firm with AlixPartners recently, said people familiar with the matter, who declined to be named because they weren't authorized to discuss the matter.The company instead referred to earlier comments from Gove: "We have a team, internally and externally, with proven experience helping companies successfully navigate complex situations and become stronger.Bed Bath issued a "going concern" warning last week, saying it may run out of funds to cover expenses.Earlier Tuesday, Gove told investors that Bed Bath has made progress in reducing its operating expenses and will cut costs by an additional $80 million to $100 million, with some of those savings coming from a reduced workforce."