Citadel files for bankruptcy Dec 20, 2009 22:10:27 GMT -7 Select PostDeselect PostLink to PostMemberGive GiftBack to Top Post by CAwasinNJ on Dec 20, 2009 22:10:27 GMT -7 As has been rumored for months, Citadel filed for bankruptcy on Sunday. It's a chapter 11, so they will reorganize. CEO Farid Suleman remains in charge and says operations will continue as normal.