When's the last time you stepped foot in a Toys 'R' Us? Perhaps before Christmas?

A report from The Independent via Yahoo Finance claims that Toys ‘R’ Us could go bankrupt within weeks, due to "billions of dollars of debt and mounting pressure from suppliers." This would affect several stores in Maine and New Hampshire, including locations on Maine Mall Road in South Portland and Loudon Road in Concord.

The article goes on to say Toys ‘R’ Us may file for Chapter 11 bankruptcy protection before Christmas, which would allow its more than 1,600 outlets to stay operational. The toy company is reportedly $5 billion in debt, $400 million of which is due in 2018.

A Toys ‘R’ Us executive blames "aggressive" price discounting by their competitors and online competition from Amazon, among other factors.