Gymboree Corp. could be filing Chapter 11 sooner than expected.

Struggling to manage its debt and churn a profit, Gymboree missed an interest payment due June 1, for its outstanding 9.125% senior notes due 2018. The missed payment was reported in a filing on Thursday, June 1, by the Securities and Exchange Commission, according to CNBC.

The retailer has a 30-day grace period to make good on the note, however the SEC is dubious. “We do…