If belk is not paying vendors, is that a sign they are going to file bankruptcy? This does not look good
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Sidestepping bankruptcy procedures. It could have been handled better if proper steps had been taken before strong-arming loyal and timely suppliers:
https://www.forbes.com/sites/warrenshoulberg/2020/04/27/kohls-macys-gap-belk-among-retailers-taking-extended-terms-with-suppliers/amp/