KB Toys files for bankruptcy

[jmyersfl]

http://www.cnbc.com/id/28189984/for/cnbc/

If you have gift cards HURRY and use them. The will not be honored by the liquidator

[batteryman29]

KB Toys has filed chapter 11 and intends to go to liquidation...closing all stores. BUT, by going to chapter 11 and liquidating vs. chapter 7, which means going to a "closeout specialist", you can still shop them......however, cash in what you have, they are going the same way as Bradlees and Caldor!!!!