It would appear that the video movie rental outfit known as Blockbuster is looking at its options as trading of the stock as been suspended by the New York Stock Exchange. Some sources continue to suggest that Blockbuster might, in fact, be headed for bankruptcy restructuring.

As of right now the company continues to insist that they are not going to file for bankruptcy. Blockbuster shares had dropped 86 percent when the NYSE pulled the plug on trading of the stock.

Blockbuster has been hurt by a variety of competitors who have moved into the rental arena. The company has moved into diversifying their offerings by now offering both postal delivery of rentals as well as a new video on demand device. Blockbuster also considered branching out even farther with the company looking at buying Circuit City before they went under.

Some are suggesting that Blockbuster might try to do a pre-organized and pre-arranged bankruptcy deal in an effort to reorganize and get things under control. Times are tough and even Blockbuster is feeling the pinch.