Will Blockbuster Inc. make it through Chapter 11 Bankruptcy Protection?

Posted on March 8, 2011 by Law Office of Daniela P. Romero, APLC

It’s not looking good for Blockbuster, Inc.’s Chapter 11 bankruptcy. Last Friday the U.S. Trustee assigned to the case asked the judge to convert it’s chapter 11 case to a chapter 7. This means liquidation. According to Dow Jones Bankruptcy Review today, the Trustee said that Blockbuster Inc. is “administratively insolvent” and not likely to propose a feasible plan that will allow it to exit chapter 11. So will Blockbuster make it through it’s Chapter 11 reorganization? Let’s wait and see.

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About Law Office of Daniela P. Romero, APLC

We represent consumers and in Chapter 7 and 13 bankruptcy cases within the United States Bankruptcy Court for the Central District of California. Get a fresh start! Nosotros representamos a individuos y pequeñas empresas en el Capítulo 7 y 13 casos de bancarrota en el Tribunal de Quiebras de los Estados Unidos para el Distrito Central de California. Empiece de nuevo!
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