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On November 10, 2008, Circuit City filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia. [ 52 ] [ 53 ] At that time, Circuit City's stock traded well below $1 per share, and was removed from listing on the New York Stock Exchange .
On November 10, 2008, InterTAN sought protection from its creditors, after Circuit City filed for Chapter 11 bankruptcy. Circuit City announced on January 16, 2009, that its namesake U.S. stores would be liquidated. The Source was not affected by the announcement, and a process followed to sell the Canadian operations as a going concern. [1]
Circuit City – filed for bankruptcy in 2008 and liquidated on March 8, 2009; [83] [84] [85] reopened online through Tiger Direct in April 2009; closed again in late December 2012; intellectual property was sold again to Circuit City Corp. in January 2016, which plans to open an online operation and retail stores; CompuAdd – bankrupted in ...
Circuit City, the struggling Big Box electronics retailer, announced earlier this week that it will be closing some 20% of its North American stores in an effort to regain profitability. It will ...
Circuit City filed for bankruptcy in 2008, in a Trustee Program district, and saw its fees dramatically increase due to the hike. It challenged the increase as violating the uniformity requirement of the United States Constitution's Bankruptcy Clause.
Popular retail chain Party City filed for bankruptcy protection Saturday, a day after it disclosed to employees that it would be implementing mass layoffs at its New Jersey headquarters.
In September a U.S. bankruptcy judge approved a reorganization plan for the seafood chain Red Lobster after years of mounting losses. Restaurant chain TGI Fridays filed for bankruptcy protection ...
The documentary chronicles the entire 60-year history of the Richmond-based retailer Circuit City. The documentary traces the defunct retailer from its humble beginnings as the family-owned Wards TV, to its rise to become the nation's largest specialty retailer of consumer electronics, to its downhill slide into bankruptcy and liquidation in 2009.