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QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report
QVC, the home-shopping company operating QVC and Hsn cable channels, is reportedly considering filing for bankruptcy to address a substantial debt burden of $6.6 billion, as well as a tax liability. The company is currently engaged in confidential negotiations with its lenders to finalize a voluntary debt restructuring agreement, which may involve Chapter 11 bankruptcy. No final decision regarding bankruptcy has been made yet.