The bankrupt company is reportedly preparing to liquidate its assets.
Andrew Yates/Reuters
The bankrupt toy chain Toys “R” Us is reportedly on the brink of shutting down and is considering liquidating all of its assets instead of restructuring the company. After it filed for chapter 11 bankruptcy protection last year, Toys “R” Us closed 20 percent of its stories in the United States. While is remains possible for some of the company’s U.S. operations to remain in place, The Wall Street Journal reports that liquidation is being seriously considered ahead of a bankruptcy hearing scheduled for Monday.
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