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

[greenbriar]

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.

[aint_no_life_nowhere]

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.

[greenbriar]

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

[tammywammy]

3. Here's what I could find out

Hollywood Video - Chapter 11
http://www.bloggingstocks.com/2007/10/16/hollywood-video-parent-movie-gallery-files-for-chapter-11-bankru/
Levitz - Chapter 11
http://abclocal.go.com/kgo/story?section=news/7_on_your_side&id=5788257
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?ref=business

And here's what Snopes says: http://www.snopes.com/politics/business/bankruptcies.asp

[depakid]

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!

[tammywammy]

4. Here's the snopes on those stores

http://www.snopes.com/politics/business/bankruptcies.asp