Struggling electronics retailer RadioShack may file for bankruptcy as early as next month, according to The Wall Street Journal.
RadioShack had warned in November that it may need to file for Chapter 11 as it is strapped for cash
Citing people familiar with the matter, the Journal reports RadioShack is discussing a deal with a private-equity firm to “buy its assets out of bankruptcy.” If that doesn’t work, the company could go to bankruptcy court, instead. Potential lenders who could fund operations during the bankruptcy proceedings are also in the mix, the Journal states, adding that much is in flux. Read more…
Source: Mashable Business