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Updated: JCPenney says it's not preparing for in-court restructuring, bankruptcy

Dallas Business Journal staff
Updated: JCPenney says it's not preparing for in-court restructuring, bankruptcy

Reuters reported Thursday that JCPenney could be exploring debt restructuring options, citing sources. The Plano retailer released a statement Friday saying that it has not hired any advisors to prepare for an in-court restructuring or bankruptcy.