Tag Archives: movie rental

Blockbuster Finally Files for Bankruptcy

After years of rumors and months of procrastination, Blockbuster has finally filed for bankruptcy, effectively reducing their debt from $1 billion to $100 million. Blockbuster announced, via press release, a �pre-arranged��bankruptcy in order to �recapitalize� and �substantially reduce its indebtedness.� Unfortunately for most stock holders, your debt caused by Blockbuster is still your own. The Chapter 11 filing reads �Under ...

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