When a Tennessee business has accumulated billions of dollars in debt, bankruptcy is only inevitable. Even a debt restructuring could cost tens or hundreds of millions of dollars - a large sum of money for even the most successful business. According to recent...
Month: April 2014
Bankruptcies remain about the same in some areas of western TN
Different options are available through the legal system to help individuals eliminate debt and enjoy a fresh financial start.Bankruptcy numbers for another Tennessee county west of Bradley County remained the same for the first quarter of 2014 as for the first three...
One of Cleveland’s oldest companies in bankruptcy
According to the government, the sale of the nation's oldest privately owned clothing maker, now bankrupt, may be happening too quickly and may not be in the best interests of the bankrupt company's creditors. The clothing company has been making tailored suits and...
Dispelling the myths surrounding bankruptcy
Many Tennessee residents think of bankruptcy as the worst thing that could ever happen to a person. Even today, bankruptcy has a stigma attached to it, but this is because many people are uninformed of the process and how it can help a person drowning in debt get a...
Tennessee company files for business bankruptcy
Sometimes companies fall onto hard times and end up with large amounts of debt. But hard times do not always signal the end for a company. Sometimes bankruptcy can help the company restructure its business and create new long-term goals. That is what Tennessee medical...
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