David’s Bridal Heading for Bankruptcy
The king of the wedding industry is likely heading into bankruptcy.
Earlier this week, David’s Bridal voluntary skipped a debt payment that was due.
As a bankruptcy attorney, I can tell you that skipping payments voluntarily is usually a precursor to filing for bankruptcy. I always advise my client to not throw good money after bad. Thus, if you are going to file for bankruptcy, why bother to make a payment to the creditor? Let the bankruptcy process handle it. There’s no benefit to paying a credit card today if you are filing for bankruptcy tomorrow.
With more than three hundred locations nationwide, David’s Bridal may take the step to renegotiate locations that are losing money before they take that last step of filing for Chapter 11 bankruptcy.
About 33% of all wedding dresses sold in the United States are purchased through David’s Bridal.
Alexander Hernandez, Esq.
List of store locations closing for K-Mart due to Sears’ filing for Chapter 11 bankruptcy.
Westmoreland which has mines located in Montana, Wyoming, New Mexico, Ohio, North Dakota, Texas, and a coal-fired power plant in North Carolina, has filed for bankruptcy.
With a large upcoming debt payment due, Sears is close to filing for Chapter 11 bankruptcy.
Prior Posts on Legal Issues
Alexander Hernandez represents clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents.
(904) 712-5565 or (305)-688-LAWS (5297).