Circuit City Files Bankruptcy

Just a week after announcing that it would close 155 locations nationwide that it would seek protections from its creditors through a Chapter 11 bankruptcy filing. The Richmond, Virginia based retailer said in court filings that it has over $1 billion in assets and...

Informal Bankruptcy

Lately there has been some information floating around about informal bankruptcy. It was even mentioned in Parade Magazine in the Sunday papers. While the outcome might seem the same as a legal bankruptcy filing, it is not a good solution to financial problems. In an...

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