Unusual trading activity in shares of RadioShack prompted the company to issue a public statement reminding speculators the company’s shares are soon likely to be worthless.
Teen retailer Delia’s Inc. plans to liquidate operations and file for Chapter 11 bankruptcy protection "in the very near term."
Regional discounter ALCO Stores succumbed to market pressures and filed for Chapter 11 bankruptcy.
The U.S. economy has undergone significant financial and social upheaval over the past five years, with companies seemingly invincible to the vagaries of the financial markets disappearing overnight.
Particularly in the current economy, it is not uncommon for purchasers, anywhere along the supply-to-distribution chain, to claim financial distress and file for bankruptcy relief.