JCPenney Gift Cards A new twist in the bankruptcy proceedings before Judge Jones took place on Wednesday just as he scheduled certain actions of the Simon Property Group and Brookfield Property Partners bid that could bring JCPenney out bankruptcy in December 2020.A December resolution of all of this would be 7 months after JCPenney went into bankruptcy on May 15 2020. The company has a $900 Million ‘debtor in possession’ financing facility and a first-lien debt of about $1.6 Billion.

“It’s especially important to bring personal traditions into focus this holiday season and we encourage shoppers to rely on JCPenney for all they need to make the holidays meaningful and memorable,” said Jill Soltau chief executive officer at JCPenney. “JCPenney is a true authority on quality and value for everyone’s holiday shopping list. We have been working to secure partnerships with new national brands and to expand our product offerings as part of our efforts to provide compelling merchandise and deliver an engaging shopping experience to our customers. Safety remains JCPenney’s number one priority and is at the forefront of all our efforts to give our customers the utmost confidence that they can effortlessly and conveniently shop with us in-store and online.”

The irony is beyond obvious: As JCPenney JCP -2.2% runs its latest retail promotion called “Mystery Sale,” the sale of the very company itself remains a mystery as well.With the holiday shopping season clearly under way and companies all up and down the retail food chain hustling to get their share of the business Penney remains in no-man’s land its fate still in the hands of a Texas bankruptcy court and an unexpectedly large number of suitors who want to take ownership for an equally large number of reasons.  If you need Buy  JCPenney Gift Cards, you can visit our site z2u.com.