When times are good, retailers thrive during the holidays and when times are hard, the holiday selling season can be the springboard to bankrupty. Bloomberg explains, “In the last quarter century, about a fifth of large retailers that went bankrupt, including RH Macy & Co. Inc. and FAO Schwarz, did so in January, using holiday sales cash to jump-start reorganizations or finance liquidations.” But “this bankruptcy season is different. Retailers with reduced revenue or bloated debt are closing down early because of a consumer spending slump linked to the credit crunch, dwindling inventory values and restrictive changes in the bankruptcy […]