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J.C. Penney has need for speed in bankruptcy, lawyer says

J.C. Penney has need for speed in bankruptcy, lawyer says

Postby smix » Mon May 18, 2020 3:58 am

J.C. Penney has need for speed in bankruptcy, lawyer says
Reuters

URL: https://www.reuters.com/article/us-jcpe ... SKBN22S0XG
Category: businessNews
Published: Sat, 16 May 2020 23:26:51 -0400

Description: J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during a court hearing on Saturday.
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