Blockbuster

Blockbuster buys time to stay out of Bankruptcy

Blockbuster buys time to stay out of Bankruptcy

Blockbuster Inc. is to hire a new chief restructuring officer, in keeping with a stipulation put forth by its creditors. The stipulation also allowed for a six- week extension for the payment of $42million to its debtors. The regulatory filling insisted that the company hire an official to help sort out its financial messes.