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Is Toys’R’Us The Next Big Chain To File?

Faced with $400 million in debt that comes due next year, and eager to assure vendors of its solvency ahead of the holidays, Toys”R”Us has hired a law firm to help refinance or restructure its obligations. One option on the table is bankruptcy.

Toys R Us has hired a law firm to help restructure its roughly $400 million in debt due in 2018, a move that could include the marquee toy store filing for bankruptcy protection, sources familiar with the situation said Wednesday.

See the full story at CNBC.