Blockbuster seeks debt overhaul, shares halted reports movie and game rental firm Blockbuster is looking to overhaul its debt, though the company stresses it has no plans to file for bankruptcy. Blockbuster shares plummeted more than 76% on these reports before trading on the company was suspended. According to spokesperson Karen Raskopf Blockbuster can implement a plan to self-fund its debt through 2009 if needed.