We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

BAPCPA To Blame For Circuit City's Demise: Experts

Law360 (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,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.