Last week, multiple news outlets reported that the department store chain had been in talks with lawyers and investment bankers to help it restructure its $4 billion in debt and avoid a possible bankruptcy filing. Penney’s fired back, denying in a statement that it was planning a bankruptcy or other court supervised restructuring. It retained the external advisors to help it evaluate opportunities to improve its capital structure and long-term balance sheet health, as it has done in the past, it noted. The retailer is led by CEO Jill Soltau, who took the reins last fall, and moved to shift ... Log in to view full article.