xxxx

Today was Circuit City’s last day in business. The Richmond, Virginia based electronics chain closed the remaining 567 stores today leaving 18 million square feet of empty retail space in its wake.
Circuit City filed for Chapter 11 bankruptcy protection in November with hopes of emerging …

Muzak, the company that produces elevator music has filed for Chapter 11 bankruptcy protection. It seems like the company just didn’t have the assets to cover the debt it had incurred. The company has somewhere between $100 and $500 million in debt and only $50,000 …

The Virginia based company Circuit City has petitioned for Chapter 11 bankruptcy in Richmond today. Even after liquidating 155 of its stores and cutting around 17% of all of its employees, Circuit City still had to file.
The bankruptcy would allow it to restructure and …

Mervyns has been in business for 59 years, but now in these hard times, it has released a statement saying it will be liquidating all of its stores.
Mervyns filed for Chapter 11 bankruptcy in July and announced today that it will be liquidating its remaining …