Circuit City Courts Buyers As Clock Runs Down

Law360, New York (January 9, 2009, 12:00 AM EST) -- Circuit City Stores Inc. has asked a bankruptcy court for permission to put the company up for sale, though if a buyer is not found by the end of next week, the company could be forced to liquidate.

Circuit City's motion in the U.S. Bankruptcy Court for the Eastern District of Virginia was filed earlier this week and was unsealed Friday when a hearing on it was held. It asks the court to approve procedures that put the company up for sale as a going concern,...
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