Jackson's J.C. Penney survives cut, Dyersburg's doesn't

Last week, J.C. Penney unveiled their list of stores that will be closed permanently as the company tries to stabilize its finances while filing Chapter 11 bankruptcy.  Jackson's location appears to have survived the cut, while Dyersburg's location did not. 

The company CEO said "While closing stores is always an extremely difficult decision, our...strategy is vital to ensuring we emerge..as a stronger retailer." 

The chain, the largest company to file for bankruptcy protection so far during the COVID-19 PANDEMIC, had already announced they would be closing nearly 250 locations for good....and the paperwork filed last week, listed the first 154 locations to close. In addition to Dyersburg, five other locations in Tennessee will shutter their doors, including:  Columbia, Kingsport, McMinnville, Maryville, and Cleveland.

Large, well established businesses such as J.C. Penney, are facing financial difficulties during this crisis. It's perfectly understandable that families are struggling as well.  Just as these large businesses are turning to legal remedies to survive the aftermath, families should consider legal options as well. 

If this crisis has created a personal financial situation you feel is out of control for you...contact us for a FREE CONSULTATION for debt resolution and/or bankruptcy at (731) 423-1888. The law office of T. Verner Smith has helped thousands overcome financial problems, and can help you too. Call today! 
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