Is Blockbuster poised to declare bankruptcy?

Friday, August 27, 2010

Rumors of imminent bankruptcy have been dogging the financially struggling Blockbuster video rental chain for years, and a recent report claims that Blockbuster will finally file for Chapter 11 bankruptcy protection as early as next month. But while the easy-to-hate Blockbuster may be down, it’s probably not out—and that’s a good thing for us movie-loving consumers.

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Is Blockbuster poised to declare bankruptcy?