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Home » Business » RadioShack files for Chapter 11 bankruptcy

RadioShack files for Chapter 11 bankruptcy

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RadioShack filed for Chapter 11 bankruptcy protection on Thursday, according to reports.

The electronics chain filed its long-awaited bankruptcy papers Thursday evening; it aims to reorganize under Chapter 11. The retailer reported assets of $1.2 billion and debts of $1.3 billion, as of Nov. 1, according to Reuters. It will sell up to 2,400 stores.

See also: A requiem for RadioShack: 12 vintage commercials to remember the good times

The reports came after the New York Stock Exchange delisted RadioShack’s stock, and the company’s stock price fell below $1 last June. Stocks are typically delisted shortly after that threshold Read more…

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RadioShack files for Chapter 11 bankruptcy Reviewed by on . RadioShack filed for Chapter 11 bankruptcy protection on Thursday, according to reports. The electronics chain filed its long-awaited bankruptcy papers Thursday RadioShack filed for Chapter 11 bankruptcy protection on Thursday, according to reports. The electronics chain filed its long-awaited bankruptcy papers Thursday Rating:
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