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Bankruptcy Judge Approves J.C. Penney's Plan to Emerge From Chapter 11

Department Store Retailer Has Yet to Finalize Deal with Simon Property, Brookfield Asset Management
The J.C. Penney store at Queens Center Mall in New York City is one of its stores expected to remain open as part of J.C. Penney's ongoing retail business. (iStock)
The J.C. Penney store at Queens Center Mall in New York City is one of its stores expected to remain open as part of J.C. Penney's ongoing retail business. (iStock)
CoStar News
November 24, 2020 | 11:42 P.M.

A U.S. bankruptcy judge approved J.C. Penney's plan to emerge from spending more than six months navigating the Chapter 11 bankruptcy court. But a key piece of the department store chain's bankruptcy process, involving 650 stores across the country, has yet to be completed.

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