Struggling video rental chain Blockbuster ( BBICP ) has filed for bankruptcy as part of a plan to recapitalize the company and reduce its debt. The company filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York, Blockbuster said in a statement. Blockbuster's franchisees and non-U.S. operations were not part of the filing, and all operations will... Continue reading As Expected, Blockbuster Files for Bankruptcy As Expected, Blockbuster Files for Bankruptcy originally appeared on DailyFinance on Thu, 23 Sep 2010 06:33:00. Filed Under: Company News , Technology , Blockbuster , Credit , Retail Permalink | Tweet this! | Comments