Circuit City files for bankruptcy

By Mike, Monday, 10 November 2008 21:01 GMT


PC retail is reporting that Circuit City has filed for Chapter 11 Bankruptcy Protection.

The firm’s assured that its doors will remain open throughout the Christmas period. This is largely due to “the assistance of a $1.1 billion debtor-in-possession revolving credit facility,” apparently.

Circuit City boss James Marcum said: “We recently have taken intensive measures to overcome our deteriorating liquidity position.”

More through the link. Thanks, MCV.

By Mike Bowden

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch