The toy retailing giant appears to be running out of time, and money -- pushing closer to having to close the doors of the entire chain.
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RELATED: Toys "R" Us to close dozens of stores nationwide; several Bay Area locations in jeopardy
Its leaders have failed to find a buyer or reach a new debt financing deal with its lenders.
The company in recent weeks has told workers it doesn't have enough money to pay severance.
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Sources tell Bloomberg News they expect the company to file for Chapter 7 bankruptcy liquidation next week.
Toys R Us declined to comment.
Click here for a list of Toys"R"Us stores closing in the Bay Area.