[Corporate Law]

They should. This gives them the ability to cut deadwood. Federated Department Stores filed Chapter 11 a decade ago, cut the deadwood, and ended up buying Macy's and The Broadway, and is now financially strong (recent Fingerhut debacle notwithstanding).

[Phantom Lord]

Fingerhut was "mail order for morons." Any idiot who ordered things from them at their way high prices was a moron. Do these people not see what those items cost in retail stores?

Look honey, we can get a crock pot for $700. What a deal!