Retailers that have collapsed in 2012

This isn't meant to be depressing, just a possible stimulus for a discussion about businesses that have failed already this year.

Run through this slideshow from the Telegraph and see what you think. Were these closures the result of bad luck or poor decision making? Bankruptcy seems awful (and probably is for many of the people involved). But as a society we rely on risk takers and entrepreneurs to set up business enterprises. Many (or most, in the end) will fail. It's worth spending a few moments thinking about what bankruptcy involves.