Marie Callender's And Perkins Restaurants

Memphis-based Perkins & Marie Callender's Inc. has filed for Chapter 11 bankruptcy protection and has shut down several restaurants and they begin a massive financial restructuring campaign. (credit: Justin Sullivan/Getty Images)

Metro-Goldwyn-Mayer studios

Santa Monica-based Metro-Goldwyn-Mayer Inc., the studio behind the long-running James Bond franchise, has been approved for a prepackaged bankruptcy plan in which its lenders will exchange nearly $5 billion in debt for ownership of the company responsible for half of "The Hobbit" movies. (Greg Williams/Eon Productions via Getty Images)

Discount-apparel retailer Loehmann's

Loehmann Holdings Inc., the seller of discounted designer goods, negotiated a restructuring plan with owner Istithmar Retail Investments and noteholder Whippoorwill Associates Inc. before filing for bankruptcy. Loehmann’s, which filed for bankruptcy today, said its plan to reorganize would cut debt by $115 million. (Jin Lee / Getty Images)

Blockbuster Video store

Blockbuster Video, the nation's most popular video rental chain filed bankruptcy in August after seeing its revenue plunge in the face of online competitor Netflix. (Getty Images)

Hollywood Video store

Another victim of the ascension of Netflix was Hollywood Video, which saw its former competitor Blockbuster offer $1 billion to buy the struggling chain. (Craig Mitchelldyer/Getty Images)

Tabloid magazine National Enquirer

American Media Inc., publisher of National Enquirer, filed for Chapter 11 bankruptcy protection in November facing over $1 billion in liabilities. (AP PHOTO)

Claim Jumper restaurant

Irvine, California-based Claim Jumper, the restaurant chain in California and seven other states, sought bankruptcy protection in September. The company listed assets of as much as $100 million and debt of as much as $500 million in Chapter 11 documents. (credit: SanGabrielValleyMenus.com)

Yellow Pages publisher Local Insight Media Holdings Inc

Local Insight Media Holdings Inc, Yellow Pages publisher announced that the company and certain of its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. (Photo by Ian Waldie/Getty Images)

Barney's department store

High-end department store Barney's is suffering just as badly as its lower-price counterparts, and while it has emerged from bankruptcy before, reports surfaced in September that the store may be on the verge once again. (credit: WikiCommons.org)

Rite Aid store

With sales sharply declining and share prices hovering around the $1 mark, analysts predict Rite Aid is among the companies most likely to declare bankruptcy in the next year. (AP PHOTO)