Retailers and Bankruptcy

On February 5, 2015, news broke of the most recent retailer to file bankruptcy--Radio Shack. For those of you unfamiliar with the nearly century old retailer, it began in 1921 when two brothers opened their Boston, Massachusetts store to provide equipment to ham operators. Over time, Radio Shack expanded into the retail electronics business and could be found in malls all across the country.

As a result of the Chapter 11 Bankruptcy filing, Radio Shack intends to close 1784 stores. According to an article published in The Standard Times on February 11, 2015, included in that line up are stores located in the Dartmouth Mall, Fairhaven, New Bedford, Fall River and Swansea. Radio Shack indicated these stores will close by the end of February so they do not have to pay rent for the month of March.

By filing for a Chapter 11 Bankruptcy, Radio Shack does not necessarily intend to go out of business. Chapter 11 Bankruptcies are used by corporations to rebuild themselves by shedding some debt and shielding themselves from creditors.

Radio Shack is not the first retalier to file Chapter 11 Bankruptcy. Others have done so successfully and for others it was not enough to make a come back. It will interesting to see if Radio Shack will emerge a stronger more profitable company.

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • LinkedIn Black Round
  • Facebook Black Round


Southern New England

The Law Offices of Tara M. George offers services to the people of the cities and towns of Dartmouth, New Bedford, Fairhaven, Westport, Acushnet Mattapoisett, Marion, Wareham, Fall River, Swansea, Seekonk, Somerset, Taunton, Raynham, Rehoboth, Middleboro, Lakeville, Dighton and all surrounding areas.

© 2017 Tara M. George, Law Attorney. 

All Rights Reserved.


All Photos used with permission.  All Photo Credits and Copyrights belong exclusively to: Thuis Photography of thuis studios

Please Note

The information contained in this website is neither legal advice nor should be considered a substitute for legal advice. No Attorney-Client relationship has been created between the reader of this website and the Law Offices of Tara M. George and as such, no legal advice has been rendered. // You should consult an attorney for advice as it pertains to your specific set of circumstances and facts. // All information contained in this website is considered advertising under the rules of the Supreme Judicial Court of the Commonwealth of Massachusetts.


  • Google+ - White Circle
  • LinkedIn - White Circle
  • Facebook - White Circle