Oh, no…the world’s largest chain of toy stores is considering whether it should declare bankruptcy because of their current financial situation. Toys ‘R’ Us has hired restructuring advisors to deal with its debt of approximately $400 million. The debt is due next year, which could force the chain to look into additional financing or go into bankruptcy. There are 70 Toys ‘R’ Us locations in Canada and 1500 worldwide. (Photo: Toys R Us)

Filed under: bancruptcy, Toys R Us