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J. C. Penney Skips $17M Payment—a Hallmark of Bankruptcy Behavior

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J. C. Penney’s financial picture is growing even more dire after the ailing retail chain opted not to make a $17 million interest payment due Thursday, adding to concerns it could follow in the unfortunate footsteps of Neiman Marcus, John Varvatos, J.Crew and J.Hilburn with a bankruptcy filing of its own. The department store company…

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