Some vendors stopped shipping merchandise to the chain after Thanksgiving, he said.
"Unfortunately, the significant downturn in the national economy caused severe and unexpected financial pressures," he said in the affidavit.
Goody's has about 8,200 employees. Lawyers have said it's uncertain what will happen to the workers after the liquidation.
Goody's said it sought buyers -- soliciting several private equity firms, a former owner of the chain and Stage Stores, the owner of several competing chains -- but could not find one.