Toys “R” Us Bankruptcy: What Canadian Employees Need to Know

Has Toys “R” Us Filed for Bankruptcy?

Toys “R” Us Canada is currently seeking creditor protection as it navigates approximately $160 million in debt and outstanding gift card obligations.

Since 2018, the retailer has been closing dozens of stores and laying off staff across North America.

According to court filings, 22 Toys “R” Us stores remain open in Canada.

Our Advocacy: The Sears Act

At Samfiru Tumarkin LLP, we saw first-hand how employees at Sears Canada lost their jobs, severance, and pensions during the company’s bankruptcy.

That’s why we’re leading the call for the Sears Act — proposed legislation that would:

• Give employees secured creditor status in bankruptcies
• Ensure employees are paid first, before banks and landlords

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.