Big-Name Corporate Bankruptcies

Yellow Pages publisher Local Insight Media Holdings Inc
Yellow Pages publisher Local Insight Media Holdings Inc
Local Insight Media Holdings Inc, Yellow Pages publisher announced that the company and certain of its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. (Photo by Ian Waldie/Getty Images)
Hollywood Video store
Hollywood Video store
Another victim of the ascension of Netflix was Hollywood Video, which saw its former competitor Blockbuster offer $1 billion to buy the struggling chain. (Craig Mitchelldyer/Getty Images)
Metro-Goldwyn-Mayer studios
Metro-Goldwyn-Mayer studios
Santa Monica-based Metro-Goldwyn-Mayer Inc., the studio behind the long-running James Bond franchise, has been approved for a prepackaged bankruptcy plan in which its lenders will exchange nearly $5 billion in debt for ownership of the company responsible for half of “The Hobbit” movies. (Greg Williams/Eon Productions via Getty Images)
Blockbuster Video store
Blockbuster Video store
Blockbuster Video, the nation’s most popular video rental chain filed bankruptcy in August after seeing its revenue plunge in the face of online competitor Netflix. (Getty Images)
Barney’s department store
Barney’s department store
High-end department store Barney’s is suffering just as badly as its lower-price counterparts, and while it has emerged from bankruptcy before, reports surfaced in September that the store may be on the verge once again. (credit: WikiCommons.org)
Discount-apparel retailer Loehmann’s
Discount-apparel retailer Loehmann’s
Loehmann Holdings Inc., the seller of discounted designer goods, negotiated a restructuring plan with owner Istithmar Retail Investments and noteholder Whippoorwill Associates Inc. before filing for bankruptcy. Loehmann’s, which filed for bankruptcy today, said its plan to reorganize would cut debt by $115 million. (Jin Lee / Getty Images)
Rite Aid
Rite Aid
With sales sharply declining and share prices hovering around the $1 mark, analysts predict Rite Aid is among the companies most likely to declare bankruptcy in the next year. (AP PHOTO)
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