After decades of heavy debt on the balance sheets and inability to come to terms with retiring any respectable amount of this debt. Kroger could File for bankruptcy and settle for pennies on the dollar and become a lean mean machine. Adding those millions they pay in interest to building out and remodeling old stores. The other Grocery stores are filing. With razor thin margins and hardly making any profits. This would be the easy way out.
Billlllly, you silly. In order to file for bankruptcy you must show the court that you are insolvent or unable to pay your debts as they accrue. You can`t just walk in a fill out a "I`m filing for bankruptcy" form.
"Hardly making any profits"? You really need to take a nap.