Tweeter Home Entertainment, Parent of Local Retailer HiFi Buys, Files Chapter 11 In Delaware
Tweeter/HiFi Buys still has three stores in Metro Atlanta, according to their website, although the Buckhead property has been sold for a record $16.8 million as part of the Buckhead rebuilding by Ben Carter.
NEW YORK, June 11 (Reuters) - Tweeter Home Entertainment Group Inc. (TWTR.O: Quote, Profile, Research) filed for Chapter 11 bankruptcy protection from creditors on Monday after struggling with declining prices, falling customer demand and increased competition.
The Canton, Massachusetts-based electronics retailer and seven affiliates filed for protection from creditors with the U.S. bankruptcy court in Wilmington, Delaware. Tweeter listed $258.6 million of assets and $190.4 million of debts in its bankruptcy filing.
Which court/district did Tweeter file in?
Is Hi Fi Buys honoring their 5 year service contracts & if not is there liability?