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In bankruptcy court, Circuit City was approved to borrow $1.1 billion to finance operations while restructuring. [7] Court filings revealed that the company had assets of $3.4 billion and debt of $2.32 billion, [54] including a $119 million debt to Hewlett-Packard and a $116 million debt to Samsung Electronics. [55]
In a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, which a judge approved late Friday, Circuit City - the No. 2 electronics retailer after Best Buy (BBY, Fortune...
Circuit City Stores Inc., the No. 2 electronics seller, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn.
T here is no mystery as to why the No. 2 electronics retailer in the U.S., Circuit City, filed for bankruptcy on Nov. 10. You could blame it on the bad economy or decreased consumer spending...
By November of that year, Circuit City filed for bankruptcy and laid off an estimated 17% of its workforce. Related: ... Circuit City was formally liquidated on January 16, 2009, with a ...
In November 2008, the 59-year-old company filed for bankruptcy. Within months, it closed its stores and liquidat-ed more than $1 billion worth of merchandise, and on March. bustling showroom in Richmond, Va., in 1960. 8, 2009, the last Circuit City store turned off its lights for good.
Circuit City filed for Chapter 11 bankruptcy protection in November with hopes of emerging as a stronger company able to compete in the ever-expanding marketplace; shedding its $2.32 billion in...
In November 2008, Circuit City filed for Chapter 11 bankruptcy, signaling the beginning of the end for this once-mighty electronics giant. Legacy and Lessons: While Circuit City may have...
Circuit City closed its doors for the last time Sunday night after 60 years in business. What was the nation's second largest electronics retailer, is in the final stages of being liquidated.
Haynes and Boone, LLP. (Reuters) - The trustee who oversaw the Circuit City liquidation process has asked the U.S. Supreme Court to weigh in on a dispute over fee hikes imposed by the U.S....