American retail giant JC Penney is in hot water as its payment has now become uncertain after the company filed for bankruptcy protection recently.

The company, which provides budget-friendly clothing for families and reliable home furnishings, filed for bankruptcy protection after a prolonged decline over the past 20 years, becoming the latest and largest retailer to fall during the coronavirus pandemic, which has devastated the industry.

JC Penney’s collapse follows other retail bankruptcies of late including J Crew, the Neiman Marcus Group, the designer men’s clothing brand John Varvatos and British retail giant Debenhams.

The chain has more than 800 stores and nearly 85,000 employees across the world. Since the retailer filed for protection from bankruptcy, it will now set the priorities in payment now.