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Toys R Us Running Out Of Time And Money

The company in recent weeks has told workers at its going-out-of-business sales that it doesn't have enough money to pay severance. Its United Kingdom division has been placed under administration — the U.K. version of bankruptcy — after falling behind on debt payments. A hearing scheduled for bankruptcy court has been postponed three time this week, signaling that the company's reorganization plan could be collapsing.



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