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I know a few of you have mentioned this, but a bankruptcy filing alone does not mean that a company is going out of business. The goal of a Chapter 11 filing is to give a business "breathing room" so that it can reorganize and continue in business, hopefully emerging from bankruptcy down the line and continuing on as normal (possibly with changes to the corporate structure or whatever). That seems to be the intent with K-Mart, but of course it may or may not work out as planned. Sometimes a business goes into bankruptcy to reorganize and when it becomes clear that it won't work out, ends up liquidating and going out of business.
After a really slow year, bankruptcy is sure popular right now. I wonder what's next.
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