Ever since Circuit Cityfiled for bankruptcy protectionin November , everyone has been wonder how long they would hang on . Today they clarified their present situation , betoken that liquidation is possible after January 16th .
https://gizmodo.com/circuit-city-goes-bankrupt-files-for-chapter-11-protec-5081886
Currently , Circuit City is negotiating with “ two concerned party ” about selling off the company in agoing concerntransaction . The motion , filed with the Bankruptcy court indicates that an auction sale of the company and its assets would start on January 13 , and a sale hearing would happen on January 16 , 2009 . If a sales event does not occur , the fellowship can begin to knock off . The full details are available in the press release , but the foresightful - and - short of it is that the clock is ticking on Circuit City unless they can get a hand done really , really shortly . [ Circuit CityviaYahoo ]
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