Sad to hear all the rumors of large Photo corporations filing or close to filing Chapter 11 bankruptcy, and now Ritz Camera is on the list. Kodak has also been getting quite a bit of attention with the stock price falling, but they have assured people they are not ready to file. Short piece of press quote regarding Ritz:

"On August 19, 2011, Ritz Interactive, Inc. filed a petition with the court to avail itself of the protections and provisions provided by Chapter 11"