Radio Shack on the verge of bankruptcy, that appears to be the case. We all know and have grown up with Radio Shack. Every mall in America seems to have one, there are also many locations outside of malls. Based on the technology boom in the world, Radio Shack should be an overwhelming success, but that is hardly the case. Radio Shack recently announced its latest quarterly loss, $119.4 million dollars, and went on to state it might not have enough capital left to continue as a going concern. Radio Shack while selling technology items, has failed to sell the hot items people want. Radio Shack was founded in 1921 and it seems hard to imagine the company not being around anymore, but it now has lost money for 10 consecutive quarters and its stock is now worth about $1. Radio shack attempted to close over 1,000 money losing stores, but its creditors objected, and told them they can only close 200 stores a year. Barring a last minute deal with creditors, the only way the chain seems destined to survive is through bankruptcy. Just like many in this country, the economy has left Radio shack with few viable options. Many times bankruptcy is the only way to stay afloat financially. If you are in tough financial straights, take a cue from large corporations, consult a knowledgeable bankruptcy attorney to discuss your options and give yourself the fresh start you deserve.