Blockbuster Inc.

Blockbuster warns again for being bankrupt

Blockbuster warns again for being bankrupt

Blockbuster Inc., a movie rental chain, said on late Tuesday that the company is suffering from liquidity problems and there are possibilities that the company may have to file for Chapter 11 bankruptcy protection. Blockbuster said that the company will file Chapter 11 bankruptcy protection if it is unable to generate enough cash flow to meet or restructure its debt commitments.

Blockbuster blamed the increasing competition for its decreasing cash flow. The company provided all this information in a Securities and Exchange Commission filing.