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Toys “R” Us Enters Death Spiral: Facing Imminent Bankruptcy, Suppliers Halts Shipments

Last week’s news that Toys “R” Us has hired bankruptcy lawyers Kirkland & Ellis to help restructure its heavy debt load, came as a shock to the company’s creditors, who promptly sent its bond crashing from nearly par at the start of the month to 43 cents on the dollar as of Friday.

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