Samsonite's 1.5 Billion Dollar Defecit Leads to Bankruptcy Filing

This year’s recession has seen some of the world's largest, most recognized companies with assests in the billions of dollars filing for bankruptcy. Samsonite, a company that caters to world of luxury business travelling with products that range from luggage and briefcases to dress shoes, is the latest company to be taken down, filing for bankruptcy with over a billion and a half dollars of liability.

Hot on the heels of Samsonite is Barneys; a chain of luxury department stores that hock expensive designer goods. Check out the gallery of Samsonite wares above; with them filing for bankruptcy, I imagine you will soon be able to get the couture items on the cheap.