RadioShack in Trouble Again as Creditor Kicks Off Forced Auction

The husk of storied electronics retailer RadioShack is for sale once again as its owner finds itself on shaky financial footing.

A holder of debt backed by RadioShack’s intellectual property has moved to force a sale of the brand after owner Retail Ecommerce Ventures, or REV, missed interest payments in recent months, according to people familiar with the situation.

The debt holder is trying to force the sale through a so-called Article 9 auction, which allows secured creditors to find a buyer for their collateral. Such sales can be a quicker, cheaper alternative to bankruptcy for small ...