BAPCPA To Blame For Circuit City's Demise: Experts

Law360, New York (March 11, 2009, 12:00 AM EDT) -- As Congress looks for answers regarding the death of Circuit City Stores Inc. and others, some bankruptcy experts are laying blame at the feet of the Bankruptcy Abuse Prevention & Consumer Protection Act of 2005 for why the electronics giant was unable to survive Chapter 11.

On Wednesday, a veritable who's who of bankruptcy experts appeared before the House Commercial and Administrative Law subcommittee as part of a hearing entitled, “Circuit City Unplugged: Why Did Chapter 11 Fail To Save 34,000 Jobs?”

Testifying before the subcommittee,...
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