 According to an "Arkansas Democrat-Gazette" report published on June 14, 2007, the MM Cohn stores were to be among more than 40 Dunlap-owned stores in eight states to close by the end of 2007.The liquidation followed news of Dunlaps defaulting on secured loan obligations to Wells Fargo Retail Finance and inability to obtain new financing.The total debt owed to Dunlaps' creditors, as indicated by a creditor's letter obtained by the newspaper for its report, totaled about $14 million.