Toys R Us files for Chapter 11 reorganization

Business Law

Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations.

A statement by the Wayne, New Jersey-based company late Monday says it voluntarily is seeking relief in U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond - and that its Canadian subsidiary is seeking similar protection through a Canadian court.

Toys R Us says court-supervised proceedings will help restructure its outstanding debt and reorganize for long-term growth.

The company says separate operations outside the U.S. and Canada, including more than 250 licensed stores and a joint venture partnership in Asia, are not part of the filings.

It emphasizes that its approximately 1,600 locations will remain open, that it will continue to work with suppliers and sell merchandise.

Related listings

  • Supreme Court Justice Ginsburg is set speak in Chicago

    Supreme Court Justice Ginsburg is set speak in Chicago

    Business Law 09/11/2017

    U.S. Supreme Court Justice Ruth Bader Ginsburg is scheduled to visit Chicago and speak at a university conference. She's expected to appear at Roosevelt University downtown on Monday evening as part of a program focusing on themes of law, social just...

  • Maryland removes Dred Scott ruling author's statue

    Maryland removes Dred Scott ruling author's statue

    Business Law 08/17/2017

    A statue of the U.S. Supreme Court justice who wrote the 1857 Dred Scott decision that upheld slavery and denied citizenship to African Americans was removed from the grounds of the Maryland State House early Friday. The statue of Roger B. Taney was ...

  • Open records policy set for administrative court records

    Open records policy set for administrative court records

    Business Law 08/12/2017

    Kentucky's Supreme Court justices have approved an open records policy to guide how the public accesses administrative records in the state court system. State officials say the first open records policy for the Administrative Office of the Courts ta...

New Rochelle, New York Personal Injury Lawyers

If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.

Business News

San Francisco Trademark Lawyer Our Firm has established a reputation for enforcing and protecting trademarks in the market place. >> read
San Francisco Corporate Law Lawyer The Firm’s Business and Corporate Practice provides service and expertise for a variety of businesses. >> read