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Updated: Debt Load Forces More Bon-Ton Store Closures, Bankruptcy an Option

Struggling department store chain Bon-Ton Stores Inc. (OTCQX:BONT) disclosed today that it has entered into restructuring discussions with some of its lenders after failing to make required interest payments last month. The chain said it has proposed a more comprehensive, two-year reorganization plan with the lenders, including the decision to close or sell more of its stores. Last November, the chain announced plans to close about 40 stores…

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