Impact wrestling thread - It's a Don West tribute thread now!

[PunkStep]

 

So, are bankruptcy laws different as opposed to over here and how so? I've noticed some differences.

 

Chapter 11 means you get a temporary period during which creditors can't enforce their claims against you. To get it, you have to present a credible plan to the court to show you are reorganising your finances and have a viable plan to keep the business running.

 

 

 

We can probably safely rule out Chapter 11 then, right?

[Big Benny HG]

 

 

So, are bankruptcy laws different as opposed to over here and how so? I've noticed some differences.

 

Chapter 11 means you get a temporary period during which creditors can't enforce their claims against you. To get it, you have to present a credible plan to the court to show you are reorganising your finances and have a viable plan to keep the business running.

 

 

 

We can probably safely rule out Chapter 11 then, right?

 

 

They're apparently due the next big chunk of their UK and Indian TV money in January, which might be enough to convince people to let it keep going a little longer.  Whether it's a big enough chunk remains to be seen (and it sounds like the Indian TV company would be within their rights to terminate the contract, given they were contractually promised an annual Indian tour that has never materialised...).

 

In any case, it will only be delaying the inevitable.

[PunkStep]

I can't see how on earth they can convince anyone they have a viable plan to keep the business running...when they have never had a viable plan to run a business!!

[Sheffbag]

Challenge should pull the plug on showing them and give the spot to Rojit and the boys

[Buzz Lightyear]

3 hours of Bruce Prichard talking TNA (who was brought in by Bischoff in 2011). 

 

http://www.mlwradio.com/something-to-wrestle-with-bruce-prichard.html

[IANdrewDiceClay]

3 hours of Bruce Prichard talking

I'll pass.

[Buzz Lightyear]

Plenty of nonsense, but the Slammiversary in Dallas PPV is discussed (which i mentioned a few weeks back). 5,000 legit ticket sales which is the 2nd best US show and yet "they" were pissed off because they didn't get good merchandise numbers ($15 per head)

Edited October 21, 2016 by Buzz Lightyear

[Snitsky's back acne]

Several documents re: Corgan's lawsuit vs TNA have been unsealed.

 

http://www.f4wonline.com/tna-news/several-documents-unsealed-billy-corgans-lawsuit-against-tna-223201

[Nick Soapdish]

Several documents re: Corgan's lawsuit vs TNA have been unsealed.

 

http://www.f4wonline.com/tna-news/several-documents-unsealed-billy-corgans-lawsuit-against-tna-223201

Holy shit that's grim reason. Dixie is just so deluded. The epitome of someone who has never been told no

[WyattSheepMask]

Dum dum dum, another one files a suit:

Another TNA lawsuit has been revealed as BankDirect Capital Finance, LLC filed a lawsuit on September 29th in Cook County, Illinois asking for $207,612.29 plus legal fees, interest and late charges.

 

Back on November 30th, 2015, BankDirect entered into an agreement with TNA Entertainment, LLC, to pay TNA $400,146.00 so TNA could pay certain insurance premiums. TNA agreed to make 10 monthly payments of $41,032.45 with the first payment coming on November 13th, 2015. As of September 29th, TNA had paid almost half of the suit but was still $207,612.29 behind.

[Jon-Carr_92]

So how much does that add up to in claims right now?

[IANdrewDiceClay]

Prichard wants to know if you want more TNA discussion on his next podcast.

https://twitter.com/PrichardShow/status/790298158249218048

[Buzz Lightyear]

Court documents have been leaked. 

 

You'll be shocked to discover this, but Dixie Carter is a liar.

 

http://www.prowrestlingsheet.com/billy-corgan-full-control-tna-dixie-carter-lied/#.WBBuf9IrLcs

[Jon-Carr_92]

Anyone else at least hope they make it to the Total Nonstop Deletion special?

[Merzbow]

Has that been taped already?