Toys "R" Us reportedly preparing for liquidation

After scrambling to keep its bankruptcy reorganization plan alive, Toys R Us is reportedly preparing for liquidation.[br /][br /]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.[br /][Ads /][br /]Toys "R" Us to close dozens of stores nationwide; several Bay Area locations in jeopardy[/url][/b][br /][br /]Its leaders have failed to find a buyer or reach a new debt financing deal with its lenders.[br /][br /]The company in recent weeks has told workers it doesn't have enough money to pay severance.[br /][Ads /][br /]Sources tell Bloomberg News they expect the company to file for Chapter 7 bankruptcy liquidation next week.[br /][br /]Toys R Us declined to comment.