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J.C. Penney Store Closings Coming; Retailer Trying to Avoid Liquidation in Chapter 11 Bankruptcy

May 18, 2020

USA Today, May 16, 2020–Nathan Bomey, Kely Tyko
The department store chain filed for bankruptcy Friday and is asking a federal judge to authorize the rejection of 20 leases in the opening salvo of the company’s Chapter 11 bankruptcy.
https://www.usatoday.com/story/money/2020/05/16/jcpenney-store-closings-chapter-11-bankruptcy-liquidation-risk/5205532002/

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