Awww man... WAY too said over this!
According to new reports, Toys R US could be filing for chapter 11 bankruptcy as soon as the end of this week. Business Insider says, "It's one of several options the chain is considering to pay down $5 billion in debt it owes as a result of a leveraged buyout in 2005, according to The Wall Street Journal."
If you remember being incredibly excited to walk through those sliding doors as a kid, you know exactly what Toys R Us means to anyone over the age of 20. It was a kid's paradise!
While it's sad to hear this news, we don't think the store's going away forever. They're just trying to figure out how to move forward.
"Chapter 11 protection would allow the company to restructure $400 million in debt due in 2018 then renegotiate the rest, according to CNB," Business Insider says.
We hope everything turns out OK!
Read more details HERE.
photo via Getty