NoDQ.com > Indy > TNA Close to Filing For Bankruptcy?
Posted by Steve Carrier on 10/19/2016 at 02:20 PM

On a recent edition of Wrestling Observer Radio, Dave Meltzer noted that TNA will likely file for bankruptcy in the hopes of absolving their increasingly mounting debt. What would happen after that is unknown, but as of now main creditors include Aeroluxe, Billy Corgan, and the Fight Network.

While some might laugh at this, Meltzer says that Dixie Carter is trying to avoid looking bad in public:

"The whole thing is, Dixie is still trying to figure out a way - this is why it hasn't been sold - I don't know if it's to stay in control but the whole thing is, she doesn't want to look bad publicly."

The big question is if TNA would be filing for Chapter 7 or Chapter 11 bankruptcy. David Bixenspan notes that TNA could stay alive if they filed for Chapter 11 but Chapter 7 would likely mean the end of the company.

Despite the latest reports about the state of TNA, PWInsider.com reports that TNA has dates scheduled at the Impact Zone in Orlando on 1/4/17 through 1/10/17.

Steve Carrier's Plug
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