Ritz Camera seeks Bankruptcy after attempted murder of local camera stores!
After a slow speed chase where Ritz Camera tried to drive over local camera dealers with its suburban mall stores and other outlets, the parent company has filed for Chapter 11 bankruptcy protection.
The nation chain of camera and photography oriented stores, based in Beltsville, Maryland, filed for protection from creditors with the U.S. bankruptcy court in Wilmington, Delaware.
Ritz Camera is known under several business names:
- Ritz Camera
- Wolf Camera
- Kits Cameras
- The Camera Shops
- Boater’s World Marine Centers
Nikon is listed as one of the largest creditors waiting in line for payment, along with Canon.
Local camera stores told police that they were ‘with a friend’ at the time of the allegeded murder attempt. Evidence shows that the local dealers were, in part, complicit by often refusing to work with local customers.
For example, every year that I’ve been teaching, students reported that they couldn’t find materials for classes in the local stores. This, in spite of the fact that the demand for these items was every semester (twice a year, 3 times if summer school) every year, year after year. And yet the stores didn’t stock the needed items. “We didn’t know nuthin about it” they were quoted as saying.
Rumors of mass camera store burial sites persist. Investigators had no comment.