 According to the "Wall Street Journal", Ritz Interactive Inc., which operates the websites for such retailers as Ritz Camera and Boaters World, filed for Chapter 11 bankruptcy protection on August 19, 2011.The Irvine, Calif., company reported assets of about $809,000 and debts of $7.2 million in its bankruptcy petition, filed Friday with the U.S. Bankruptcy Court in Santa Ana, Calif. Court papers show Ritz Interactive’s executive committee of its board of directors deemed the Chapter 11 filing “in the best interests” of the company, its creditors and stakeholders.Court papers show that David Ritz holds an 18.55% stake in the company.