With today's announcement from Blockbuster that it has filed Chapter 11 bankruptcy, many consumers may wonder what this specifically means to them as a customer. The answer in this case is, not a whole lot. According to Blockbuster, their online and retail stores will remain open while the company attempts to restructure and reorganize to help alleviate the debt it has accumulated.

But what if your favorite electronics or furniture store suddenly files for Chapter 11 bankruptcy in the future? BBB recommends any purchases you make be done with a credit card. That way, if the store suddenly closes for good and you have an item on order, you may be able to dispute the charge with your credit card company within 60 days of the purchase and possibly recoop your money.

Remember, Chapter 11 bankruptcy does not mean a company is going out of business. It simply means the company is unable to pay their creditors and is asking for protection while it attempts to restructure the business.