Toys "R" Us reportedly preparing for liquidation

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After scrambling to keep its bankruptcy reorganization plan alive, Toys R Us is reportedly preparing for liquidation. (Shutterstock)

After scrambling to keep its bankruptcy reorganization plan alive, Toys R Us is reportedly preparing for liquidation.

The toy retailing giant appears to be running out of time, and money - pushing closer to having to close the doors of the entire chain.

Toys "R" Us to close dozens of stores nationwide; several Bay Area locations in jeopardy
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