Liquidating circuit city

The retailer buys TVs, stereos, laptops, and other gadgets on credit, usually at a good rate from vendors with the promise to pay them back once the company sells the goods in its stores.

Just a week ago, Circuity City announced it was all remaining merchandise and shut its doors. The company had been in continuous negotiations regarding a going concern transaction. According to the article, Circuit City has 567 stores and 30,000 employees, after already closing 150 stores. It was the anchor store in a new development that opened less than a year ago as I recall.Wonder what kind of incentives they had, if any, and what it will do to sales tax revenues?Amazingly enough, more than half of the

Just a week ago, Circuity City announced it was all remaining merchandise and shut its doors. The company had been in continuous negotiations regarding a going concern transaction.

According to the article, Circuit City has 567 stores and 30,000 employees, after already closing 150 stores. It was the anchor store in a new development that opened less than a year ago as I recall.

Wonder what kind of incentives they had, if any, and what it will do to sales tax revenues?

Amazingly enough, more than half of the $1.2 billion in claims has been paid out, with still more to be paid out.

In many bankruptcy cases, creditors are lucky to get pennies on the dollar—if anything at all.

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Just a week ago, Circuity City announced it was all remaining merchandise and shut its doors. The company had been in continuous negotiations regarding a going concern transaction. According to the article, Circuit City has 567 stores and 30,000 employees, after already closing 150 stores. It was the anchor store in a new development that opened less than a year ago as I recall.Wonder what kind of incentives they had, if any, and what it will do to sales tax revenues?Amazingly enough, more than half of the $1.2 billion in claims has been paid out, with still more to be paid out.In many bankruptcy cases, creditors are lucky to get pennies on the dollar—if anything at all.

.2 billion in claims has been paid out, with still more to be paid out.In many bankruptcy cases, creditors are lucky to get pennies on the dollar—if anything at all.

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Why on Earth has this bankruptcy dragged out forever?

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