Bankruptcy Report:Circuit City To Liquidate
Starting Saturday
Starting Saturday
January 16, 2009
Circuit City's Chapter 11 Bankruptcy has come to an end.
We can't say nobody saw this coming a long way away.
The court has approved liquidators to begin their work starting from tomorrow until March 31st.
A few parties interested in purchasing the 60 year old company pulled out, leaving no other option.
Our sympathies go out to anyone who was convinced to buy a service package with any of their Christmas gifts this year.
On the plus side: Big electronics sale starting tomorrow morning.
Circuit City to Shut Down (NYTimes)
Circuit City to Go Out of Business After 60 Years (Bloomberg)
Actually, according to the Circuit City main page - all service plans will still be valid because they are operated by a third party company.
Posted by: Jonathan | January 19, 2009 at 02:24 PM
Men's fashion week in Milan has already started; New York Times is reporting a dearth of visible minority models again. Thankfully, you beat them to the punch last time.
As much as this was covered last season with the women's collection, perhaps this wasn't really a surprise.
Posted by: emmy | January 19, 2009 at 11:45 PM