Toys-R-Us Could File For Bankruptcy

(New York, NY) -- Toy seller Toys-R-Us may be close to filing for bankruptcy. 

The company is struggling under a mountain of debt and the company's three owners are looking at a debt restructuring. Analysts say a Toys R Us bankruptcy filing now would give toy makers Mattel and Hasbro a clear view into the company's viability through the holidays.

The company has hired restructuring lawyers to address 400-million dollars in debt due in 2018. Reorg Research reports Toys R Us could file for bankruptcy as soon as this week.  Toys R Us operates major stores in Dutchess and Ulster counties

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Photo:  flickr, Tamaki Sono

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