J.C. Penney Co. made a $17 million interest payment, staving off bankruptcy, a regulatory filing showed. J.C. Penney Co. made a $17 million interest payment, staving off bankruptcy, a regulatory filing showed. Shares of the retailer have seen their value almost completely wiped out by a change in consumer preferences and a shift to e-commerce shopping from brick-and-mortar. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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