Bankruptcies The latest Chapter 11 bankruptcy filings come from Colombian carrier Avianca—the world's second-oldest extant airline after KLM—and Stage Stores, the discount department store operator. Stage Stores will try to sell assets while it winds down its business; Avianca is trying for a reorganization, though it recognizes that it could well go bust. Fortune
Last week we had the elite Neiman Marcus and the preppy store jcrew file bankruptcy. No worries though. The more bankruptcies the higher equities rise.
Who cares, there was no shares to short JC penny stock..all available shares to short was shorted and shorting restriction.