Categories
Bankruptcy News

No Wonder RadioShack Declared Bankruptcy—the Era of Tinkering Is Over

On Thursday evening, RadioShack finally reached its years-in-the-making end when it filed for Chapter 11 bankruptcy and said it plans to sell up to …

Summary of the Article

On Thursday evening, RadioShack finally reached its years-in-the-making end when it filed for Chapter 11 bankruptcy and said it plans to sell up to …

Article

When I stopped in at a RadioShack in Manhattan this morning, there was one other customer in the store (who left shortly after I arrived) and three employees. One of them, after I mentioned that I was a reporter, told me that they had only been informed of the bankruptcy that morning and hadn’t really been given any instructions on what to do about it. Another scribbled down the number of a hotline they’d been told to call with questions. “This is the RadioShack Corporation restructuring line,” a message droned when I tried it. “On Feb. 5, 2015, the company and several of its subsidiaries filed for reorganization under Chapter 11 of the U.S. bankruptcy code. RadioShack is open for business and serving customers.”

Culled From

first published: 2015-02-05 20:10:16