We knew Circuit City had serious problems and we knew that filing for bankruptcy was a possibility. Well it happened folks! The favorite shop for some will close all of its stores as it failed to reach an agreement which would have helped it stay afloat. Circuit City has $2 billion in debt and it [...]

After Circuit City was forced to close down about 155 stores in the recent past, it looks like it’s filing for bankruptcy and no one it’s going to stop it. Circuit City will reorganize itself under the Chapter 11 bankruptcy which means that the company is still going pay salaries and provide benefits to its [...]