Retailer Hastings will be liquidated and all 126 of its stores will close including the store in Murfreesboro by October 31, 2016.

Amarillo.com reports that Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC co-purchased Hastings and will oversee the liquidation of its assets.

According to the court documents filed Wednesday, the two companies can frame the liquidation as a "going out of business" sale. And by Halloween, Hastings will be closed.

Hastings stores can technically close whenever they choose. The Oct. 31 date is just the deadline. However, employees must be provided a seven-day notice before a store is closed.

Hastings filed for Chapter 11 bankruptcy in June.

Source:

Partner Station WMSR