Posts Tagged ‘ bankruptcy ’

Circuit City Declares Bankruptcy, Gift Cards Become Worthless

In a move not terribly shocking after last week’s 100+ store closings, Circuit City has filed for Chapter 11 Bankruptcy.
Circuit City started life in 1949 as the Wards Company, founded by Samuel S. Wurtzel. It changed it’s name officially to Circuit City in 1984 and went nationwide with a chain of warehouse-styled stores, selling electronic [...]