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Though company spokespeople are denying it, news reports say that Blockbuster has hired law firm Kirkland & Ellis to help it explore a possible bankruptcy filing.Of course, Blockbuster has been on the retail watch lists of industry observers for a while now, and the chain’s main competition is performing extremely well in the recession.Blockbuster has admitted that it hired Kirkland for refinancing and capital-raising initiatives, but how realistic is that task in this economic environment?According to this article, Hollywood isn’t sweating a possible Blockbuster bankruptcy. Are shopping center landlords as prepared for such a scenario?

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