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RadioShack in bankruptcy case, Cedar City store continues to grow under local name
by Holly Coombs holly@ironcountytoday.com
Mar 27, 2017 | 1286 views | 0 0 comments | 46 46 recommendations | email to a friend | print
On Feb. 5, 2015 RadioShack Corporation and 17 affiliated debtors filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. Since then, the status is still uncertain, but will not affect the Cedar City RadioShack store.

Sorensen Electronics, also known as RadioShack currently, is expanding, said Kristen Sorensen, employee and sister to company owner Nathan Sorensen. Nathan Sorensen said because they are under the name of Sorensen Electronics.

“We’re locally owned and three-quarters of our product comes from elsewhere ( not from RadioShack corporate),” he said.

On Sept. 24, 2015, a hearing was held before Chief United States Bankruptcy Judge Brendan L. Shannon in Delaware, according to the bankruptcy case. By October 2015 the court confirmed the plan and was marked in effect by Oct. 7, 2015.

While details since then are still uncertain and up in the air with RadioShack Corporate’s bankruptcy case, Kristen Sorenson said their store is getting a maker space and this is the biggest space their store has had and has had great business.

Nathan Sorensen said depending on if RadioShack completely goes away and if another company takes the name, he’s not sure if his business will get to keep the name attached to Sorensen Electronics.

“We will always be Sorensen Electronics,” he said.

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