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As Holiday Shopping Season Approaches, J.C. Penney Seeks to Exit Bankruptcy Sooner

Timing Flexibility Could Let the Retailer Emerge From Chapter 11 in Mid-November
J.C. Penney, based in Plano, Texas, wants to work out a deal for its retail operating business before the holiday season with the help of some new deadlines. (Getty Images)
J.C. Penney, based in Plano, Texas, wants to work out a deal for its retail operating business before the holiday season with the help of some new deadlines. (Getty Images)
CoStar News
October 1, 2020 | 12:12 AM

Department store chain J.C. Penney filed an emergency motion with the U.S. bankruptcy court to move up deadlines so it can potentially emerge from Chapter 11 bankruptcy before the busy holiday shopping season.

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News | As Holiday Shopping Season Approaches, J.C. Penney Seeks to Exit Bankruptcy Sooner