Ultimate Electronics going for Chapter 11

Discussion in 'Off-Topic' started by tbone, Jan 12, 2005.

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  1. tbone
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    tbone Well-Known Member

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    UE's filing for bankruptcy causing low income. The director's and chairman's already resign, but the store are still open until process. There are 9 stores in Twin cities. I wonder if they having closing sales. OOOOHH yeah Flat plasma here I comes!!!
     
    tbone, Jan 12, 2005
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  2. 1SIKWRX
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    1SIKWRX New Member

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    haha thats what i said to my friend. PLASMAS HALF OFF!!! BB and CC pwnz...but I like BB better.
     
    1SIKWRX, Jan 13, 2005
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  3. Zola
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    Zola Well-Known Member

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    Remember, Chapter 11 is for protection from creditors and is usually for reorganizing debt. Chapter 7 bankruptcy is a liquidation, so don't get your hopes up for fire sales right away.
     
    Zola, Jan 13, 2005
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