
Experts Skeptical J.C. Penny Can Survive Despite Ch. 11 Filing
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
As the economy begins to come back from the initial wave of COVID-19, it is expected that commercial lease restructuring will play a major role in business survival.
The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.