Blockbuster Finally Files for Blockbusting Bankruptcy

Blockbuster Finally Files for Blockbusting Bankruptcy

posted Sunday Sep 26, 2010 by Nicholas DiMeo

Blockbuster Finally Files for Blockbusting Bankruptcy

This week, Blockbuster finally filed for Chapter 11 bankruptcy, asking for protection against its almost $1 billion worth of debt as the video rental company tried to restructure everything. However, the company isn't closing everything down, contrary to probably every store you've seen that has liquidation signs in them. Blockbuster looks to focus on kiosks and online offerings as their main business and wants to keep just a couple of stores open.

Wait, you mean Blockbuster isn't in bankruptcy already? If that's what you, our dear reader, were thinking, then click the break for more!

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