Is it true that Mervin's is going to declare bankruptcy?

Question

I was flipping through the channels last night and in one channel the news was on. They were saying something about it but I didn't get all the info. Does anyone know if it's true or not?

Answer 1

It's not official yet but here are a two news reports that speculate on this:

http://www.nypost.com/seven/07222008/bus...

http://www.mercurynews.com/localnewshead...