Radio Shack Bankruptcy Protection

This past February RadioShack, an American electronics retail chain, filed for Chapter 11 bankruptcy. The corporation is said to have baffled investors for years on how it managed to stay in business for so long, as its competitors, such as Apple, almost have a monopoly on the technology sold by Radio Shack. Eventually, the “changing technology and consumer habits” proved to be too much of a blow to conquer for the company and it was forced to file for bankruptcy. However, the future for RadioShack is not completely bleak. It has reached many settlements with other corporations such as Sprint and a decision has been made to keep many of its stores open.

The inconsistent economy and always changing developments finally dealt RadioShack a battle they could not win. Bankruptcy is a solution for years of hardships and difficult decisions, and is dealt with daily by hardworking people with unfortunate circumstances. A bankruptcy lawyer understands these conditions and can help anyone struggling. Call Elaine Fridlin, of Fridlin & Associates, at 718-372-4400 for a free consultation.

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ElaineFridlinEsq.

Fridlin & Associates, P.C. is a financial law firm for individuals and small businesses in metropolitan New York. If you or your business face a problem concerning bankruptcy, debt settlement, loan modification program, the sale and purchase of residential or commercial real estate, landlord/tenant disputes, enforcing your rights as a creditor, the sale and purchase of a business, or employment litigation, Fridlin & Associates stand ready to provide the solution that protects your best interests. We can help you: Eliminate Debt! Stop Foreclosure! File for Bankruptcy! Apply for a Loan Modification Program! Stop Wage Garnishment! Stop Lawsuits! Eliminate Judgments! Eliminate or Reduce the second mortgage on your home! Reduce the mortgage on your investment property to its fair market value! Eliminate your obligation to pay creditors and medical expenses! Eliminate business loans! Release Frozen Bank Accounts! Stop harassing phone calls! Please call 718-372-4400 today for a free consultation. We have appointments available Monday through Friday and your first visit is free. Fridlin & Associates, P.C., also provides legal representation on wage dispute matters under the Fair Labor Standards Act in both federal and state courts. Learn more about Elaine Fridlin and Fridlin & Associates here. If you’re interested in bankruptcy as a potential solution to your debt management problems, you can learn more about bankruptcy for both consumers and businesses here.

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