The Globe and Mail reports in its Wednesday edition that Toys "R" Us has closed about 50 stores over the past year, and is looking to either sell the remaining business to new owners, or attract an investor to refinance the operations. The Globe's Susan Krashinsky writes that the company may be forced to liquidate the chain, which now comprises 22 Toys "R" Us and Babies "R" Us stores across Canada, roughly half of them in Ontario. It is not uncommon in such cases for many creditors -- who fall in line behind a company's major secured lenders -- to be paid little, or none, of what they are owed. The list of creditors to Toys "R" Us includes some major names: According to court documents, the company owes $6.7-million to Lego Canada Inc., more than $11-million to companies in Canada and China connected to Mattel Inc., $3.7-million to a Hong Kong division of Canadian toy and entertainment company Spin Master, and $2.2-million to Hasbro Canada. A number of suppliers and landlords had launched lawsuits against Toys "R" Us Canada before the creditor-protection proceedings, mostly for breaching leases or breach of contract. They include landlords such as RioCan, Smartreit, Calloway and Confederation Park Shopping Centres.