Toys R Us Is On The Brink Of Filing Bankruptcy

According to the Business Insider, the toy retailer Toys R Us is really close to filing bankruptcy.

It’s one of the options the company is considering to deal with a $5 billion debt.

A bankruptcy filing could come as soon as Monday according to a Bloomberg report.

A Chapter 11 filing would allow the company to restructure $400 million in debt in 2018 and then Toys R Us could renegotiate the rest.

Read more about this report here.

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