According to Digital Spy, HMV are inching closer to being saved.

Hilco have apparently reached an agreement with HMV Group's lenders, Lloyds and Royal Bank of Scotland, over their 176m debt.

Hilco already owns HMV Canada, so the move would give them complete control over the retailer.

This news follows Deloitte (HMV's administrator) decision to allow HMV vouchers to be used again, and a group of Major Labels joining forces to help the company.