When will circuit city start liquidating Deutschland dating
Borrowers and lenders agree that instead of undertaking the hard, time-consuming work of modifying debt and restructuring finances, they should just sell for whatever they can get, take the loss, and move on.
Just as more and more homes have wound up in foreclosure, more and more companies are being liquidated.
But these days, companies are simply deciding to end it all.
Liquidation is the corporate version of foreclosure.
(The brand still lives on the Web.) Linens 'n Things, which filed for bankruptcy in May, planned at first to close 100 stores.
Streambank has agreed to sell the patents for 0,000 unless it receives a higher bid by August 12.
"As all media content, books, videos, and music change their distribution models, the value of these patents will become increasingly valuable." Some of the technology grew out of the Digital Video Express effort, or Di VX--not to be confused with Div X compression technologies.
Di VX was Circuit City's attempt to compete with the traditional DVD.
Virtually every large company that filed for Chapter 11 in the past year intended to reorganize.
But Sharper Image, which went bankrupt in February, couldn't come up with a viable plan for its gadget stores and began to liquidate them in June.