12/23/2008 10:04:21 AM EST
Bankruptcy judge approves Circuit City financing
RICHMOND, Va. – (AP) Circuit City Stores Inc., the nation's second-biggest electronics retailer, received final approval Monday for $1.1 billion in financing in order to keep operating while it's in Chapter 11 bankruptcy protection.
U.S. Bankruptcy Judge Kevin Huennekens approved the debtor-in-possession loans at a hearing in Richmond. The financing, which replaces a $1.3 ….