May 15, 2020 · J.C. Penney said it filed for Chapter 11 protection from its creditors in federal bankruptcy court for the Southern District of Texas, adding that it had $500 million in cash on hand and had ... Nov 11, 2020 · J.C. Penney had 85,000 workers and more than 800 stores when it filed for bankruptcy in May. Weighed down by some $4 billion in debt, the more than 100-year-old company has closed numerous brick ... J.C. Penney Co Inc has a colorful history as one of America's most recognizable department store chains, but a failure to counter the shift to online shopping hammered its business in recent years ...

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