Creditor

According to Bloomberg, Delaware’s Bankruptcy Court’s website has been down for the past three days due to hardware issues.  With the crash creditor and debtor attorneys with cases in Delaware had to resort to filing things the old fashion way …. on paper.

Since 2007, Delaware has been home to 60 of all Chapter 11 filings involving entities with over $250 million in assets.

Nation’s #2 Electronics Retailer In Trouble
Richmond Virginia based Circuit City is the latest retailer to file for bankruptcy protection.  The retailer will and seek to close 150 stores nationwide, renegotiate leases, lower rents, and terminate agreements while it deals with tightening credit from its vendors.