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Originally Posted by transplant99
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Actually they filed for bankruptcy protection which is waaay different than bankruptcy, in fact in Canada "chapter 11" doesn't really exist, it's called corporate reorganization.
What they have asked for is protection from creditors petitioning them into bankruptcy, if they are like every other electronics retailer they'll do more business in the six weeks leading up to christmas then they would the rest of the entire year, so they are likely banking on huge profits in this quarter to offset their losses and will probably be fine come january.