Guitar Center Gets Ready to File Bankruptcy

Guitar Center, a store famous with recording artists,DJ's and Pod casters gears up to file bankruptcy. 

 

Guitar Center is reportedly gearing up to file for bankruptcy. The New York Times reports that the company missed a 45 million dollar interest payment this month. Guitar Center is reportedly talking with creditors to try and figure out how to break even some time in 2021. They made two-point-three-billion dollars this fiscal year but still owe one-point-three-billion-dollars. This could be a serious blow to artists, DJs, Podcasters and musicians who frequent the store locally as the may have only the online stores to show for equipment.