Circuit City Stores

Representation of the creditors’ committee in chapter 11 cases of Circuit City Stores, a consumer electronics retailer with more than 600 locations in the United States, in the Eastern District of Virginia. At the time of the bankruptcy filing, the company owed its secured lender almost $800 million, and also owed its trade vendors approximately $650 million. There was also significant involvement in a related Canadian liquidating proceeding, because Circuit City had a 500+ store chain in Canada that was sold as a going concern to Bell Canada.