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More companies filing for Bankruptcy...read here to find out who?

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greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:34 PM
Original message
More companies filing for Bankruptcy...read here to find out who?
The following companies just filed for Bankruptcy:

Hollywood Video
Levitz
Sharper Image
Performance Team Freight
Linens n Things
Circuit City
Bed, Bath and Beyond

If you have gift cards from the above list use them ASAP, they will not
be valid for much longer.

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aint_no_life_nowhere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:38 PM
Response to Original message
1. These are well-established companies
not recent fly-by-night organizations. I wonder if they filed for Chapter 11 reorganization or for complete liquidation under Chapter 7.
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greenbriar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:45 PM
Response to Reply #1
2. not sure
but I like Bed Bath and Beyond

however, that is the first store I stopped shopping at when gas prices got higher.

I like my 1000 count sheets, but 3 sets is enough when gas is so high
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tammywammy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:47 PM
Response to Reply #1
3. Here's what I could find out
Edited on Sun May-04-08 07:50 PM by tammywammy
Hollywood Video - Chapter 11
http://www.bloggingstocks.com/2007/10/16/hollywood-vide... /
Levitz - Chapter 11
http://abclocal.go.com/kgo/story?section=news/7_on_your...
Sharper Image - Chapter 11
Linens n Things - Chapter 11
http://www.startribune.com/18493754.html
Circuit City - I know they're not doing well, but I don't see anything stating they filed for bankruptcy
Bed, Bath and Beyond - Hasn't filed and has no plans to file

Here's a good article from the Times http://www.nytimes.com/2008/05/03/business/03linen.html...

And here's what Snopes says: http://www.snopes.com/politics/business/bankruptcies.as...
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:59 PM
Response to Reply #1
5. Hollywood video has notiously bad management
as a result, they've had trouble for years.

Circuit City got a great round of PR when they "laid off" tons of staff about a year ago- and tried to hire then back at much lower wages! Way to boost morale and create motivate salespeople!


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tammywammy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-04-08 07:51 PM
Response to Original message
4. Here's the snopes on those stores
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