Saks Mulls Bankruptcy Amid Debt Crisis

Saks, a big store company, is thinking about filing for bankruptcy because it has a lot of debt.

They have to pay over $100 million by the end of December.

Last year, they borrowed a lot of money to buy another store, Neiman Marcus, hoping it would help them.

But it didn't work out as planned, and now they're having trouble paying their bills.

Some of their lenders are talking about ways to help, but the company's stocks have been losing value.

Saks is also trying to find other ways to get money, like selling things they own or getting emergency loans.

They're in a tough spot and need to figure out what to do soon.