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Circuit City Stores

The firm represented the creditors’ committee in chapter 11 cases of Circuit City Stores, a consumer electronics retailer with more than 600 locations in the United States. 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.

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