Yep, it has happened folks, Circuit City reached into the get out of jail free bag and pulled out a wad of papers.  Filed in Richmond Virginia, that wad of paper said "Chapter 11, Protection, $3.4 Billion in assets and $3.32 billion in liabilities". 

Circuit City began shutting stores to lessen the hemorrhaging after failing to sell itself off to Best Buy, the company and retail electronics store that showed up and started slapping the across the country.

Read

Related Articles: