A decade ago the prospect of Blockbuster entering bankruptcy would have been unthinkable. Now, however thee DVD rental chain, which has over 3,000 stores, is bleeding red ink. The company has already filed for bankruptcy under Chapter 11 protection, a victim of the growing enthusiasm for mail order and kiosk movie rentals. Blockbuster had negotiated with creditors to continue getting new product on the proviso that the new inventory would be paid for promptly. However, Summit, the corporation that supplied Blockbuster with DVDs of the hit Twilight movies says they still have not been paid. They are petitioning the court to force blockbuster to pay over $9 million or send back all the DVDs. Depending on the outcome of the situation, Blockbuster could be forced to liquidate its assets and, in essence, go out of business. The chain already plans to close 1,000 of its stores. For more click here