Toys R Us Files For Bankruptcy

 

Toys R Us is filing for bankruptcy. Filing for chapter 11 bankruptcy protection will allow the company to deal with nearly $5,000,000,000 in debt. The toy company owes $400,000,000 of that next year and another $1,700,000,000 by 2019.   

In a statement, CEO Dave Brandon says they are confident the move will allow the company to live on for generations to come.

Photo: AOL

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