Blockbuster Inc. said it may file for Chapter 11 bankruptcy protection if it is unable meet or restructure its debt commitments.
In a Securities and Exchange Commission filing Tuesday, the Dallas-based movie and gaming retailer attributed its weakened operations and cash flow to increasing competition. The company indicated that its situation has “threatened the company’s ability to continue as a going concern.”
Full story: Blockbuster: Bankruptcy is a possibility – Austin Business Journal