Not saying chapter 7 won't happen, but the article (link below) makes sense. I think the media as usual is pushing the story. I don't work for Toys, but I am a retail manager for another company that is also struggling . I really feel for all you guys and I hope your company can turn this around. I wish all of you the best during this stressful time.
https://seekingalpha.com/amp/article/4155929-updating-toys-r-us-limited-impact-retail-reits