How many of these are genuinely because the store couldn't make a profit vs got saddled by a bunch of private equity financial engineering debt?
Guitar Center is a good example--if you sent them through a full blown Chapter 7 where they could finally discharge the stupid private equity debt they would be a perfectly profitable running business.
Guitar Center is a good example--if you sent them through a full blown Chapter 7 where they could finally discharge the stupid private equity debt they would be a perfectly profitable running business.