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J.C. Penney files for bankruptcy protection

J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.

    

Written by

Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300