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What do they usually do with all the assets of these companies when they go bankrupt? Would stuff like all their appliance stock get put up in a fire-sale for cheap? I need a new washing machine...

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They will typically just restructure and continue without even closing down. They will probably end up closing a number of the low performing stores.

Although they potentially could go the way of Kmart or Toys R Us if the bondholders hold the company hostage.

A liquidation company buys the assets and sells them - down to the shelves and signs. That's why all the "Store Closing" signs are the same, because the same liquidation company shuts down many companies.

A local bon-ton had just done something similar. i'm not sure if they were bankrupt, but the store went out of business at the mall and EVERYTHING was being sold for cheap. We got a $90 coffee table (reduced already) for $6 after they took off like 90% and some other discount for that day.

Did they use the same Store Closing signs as your local Toys R Us?

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