In the ramp up to this holiday season, the record number of retail and mall closures and bankruptcies should put retailers and their vendors on alert. Several retail icons have sought or considered bankruptcy protection. Some retail debtors have emerged from bankruptcy as healthier, more prosperous businesses, leaving behind obsolete operations and debts. Others have sold assets or operations, getting top dollar for what was sold. Other financially troubled retailers restructured their debts and operations, without the need to file for bankruptcy or shut down. Click here to continue reading.