NEW YORK (CBSNewYork) — Time is running out for luxury retailer Barneys.
The department store has until Oct. 3 to find a buyer and avoid liquidation.READ MORE: Blackwood Blanks Reeling Flyers As Devils End 4-Game Skid
The deadline was set at a bankruptcy court hearing Friday.READ MORE: Duarte, Turner Lead Pacers Over Knicks
Barneys says it has received letters of intent from potential buyers but no formal bids.MORE NEWS: Avs Beat New York; Trouba Delivers Another Hard Check
Lenders have loaned out nearly $220 million to keep the company running after it filed for bankruptcy in August.