bankruptcy Archives

Toys ‘R’ Us Files for Bankruptcy Protection

Richmond, VA — Toys “R” Us, Inc. filed for protection under chapter 11 of the Bankruptcy Code in Richmond, Virginia Tuesday, as the toy retailer struggled to reorganize its debt. The 69-year old company has amassed a $5 billion debt that came from slashing prices, signing major, exclusive licensing deals with toymakers and buying up […]

Sports Authority files for Chapter 11 Wednesday, plans to shutter 140 stores – 7 in Arizona

Archive / By Karen Schutte

The bankruptcy of Sports Authority has been looming since January, when the company disclosed that it had missed a $20 million debt payment. The store closings will take place over the next three months. The bankruptcy filing will allow it to break leases for money-losing stores. As part of the restructuring, the Company has identified

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Toys ‘R’ Us Files for Bankruptcy Protection

Sports Authority files for Chapter 11 Wednesday, plans to shutter 140 stores – 7 in Arizona

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