Toys R Us bankruptcy (2017-2018)
Toys R Us filed for Chapter 11 in September 2017, then announced in March 2018 it would liquidate all U.S. stores. The shutdown affected about 30,000 jobs.
The chain closed its U.S. stores.
The liquidation showed how a retailer's bankruptcy can turn into total shutdown.
Meritage's Chapter 11 is a restructuring, not a liquidation, but the case shows how franchise and retail bankruptcies can accelerate store closures.
