Debt Overtakes Mervyns.
By Rachel Lynn Foley Kansas City Missouri Bankruptcy Attorney on Jul 29, 2008 in Economy
The slowing economy and ever climbing debt load has overtaken Mervyns Department Store. On July 29, 2008 Mervyns has filed for Chapter 11 Bankruptcy Relief in the District of Delaware. In an effort to assist Mervyns with the restructuring of its debt, Wachovia pledged $465 million.
Debt is everywhere and no one and no company is immune to this poor economy.
Written by Kansas City Bankruptcy Attorney, Rachel Lynn Foley.
If you liked that post, then try these...
Common Mistakes When Financing A Car by Eugene S. Melchionne, Connecticut Consumer Attorney
Debt Collectors In India Target Stimulus Tax Refund by Andy Miofsky, Illinois Consumer Law Attorney
Will The Government Bail Out The Big Three? What About You? by Carmen Dellutri, Attorney at Law
You must be logged in to post a comment.