(Reuters) - The Canton, Massachusetts-based electronics retailer and
seven affiliates filed for protection from creditors with the
U.S. bankruptcy court in Wilmington, Delaware. Tweeter listed
$258.6 million of assets and $190.4 million of debts in its
bankruptcy filing.
Last month, the operator of Sound Advice and HiFi Buys
stores posted a $35.2 million fiscal second-quarter loss, or
$1.38 per share, and said it believed its lacked sufficient
working capital for short-term needs. It had warned at that
time that it may file for Chapter 11 bankruptcy.
Read more at Reuters.com Bonds News
seven affiliates filed for protection from creditors with the
U.S. bankruptcy court in Wilmington, Delaware. Tweeter listed
$258.6 million of assets and $190.4 million of debts in its
bankruptcy filing.
Last month, the operator of Sound Advice and HiFi Buys
stores posted a $35.2 million fiscal second-quarter loss, or
$1.38 per share, and said it believed its lacked sufficient
working capital for short-term needs. It had warned at that
time that it may file for Chapter 11 bankruptcy.
Read more at Reuters.com Bonds News
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