TAG RESULTS FOR: chapter 11

Circuit City Files For Bankruptcy

I really don’t see much of a future for Circuit City. If it’s filing for Chapter 11 bankruptcy, replacing CEOs, closing stores and losing cash, explain to me how the company is supposed to survive. Says Bloomberg: On Sept. 29, Circuit City reported a loss of $239.2 million that was more than triple from a year earlier after sales fell for the sixth straight quarter. The end is near for Circuit City. I’m guessing that by 2010, the company will... Continue reading