DIRT CHEAP TENNESSEE, LLC Bankruptcy Filing

DIRT CHEAP TENNESSEE, LLC Filing Information

DIRT CHEAP TENNESSEE, LLC filed for Chapter 11 bankruptcy on October 10, 2024, with case number 24-12321. The corporation-based company has listed its principal address as 6892 US Hwy 49 North, Hattiesburg, MS. The Delaware court, presided over by Judge Thomas M Horan, will oversee the reorganization proceedings. As a Chapter 11 debtor, DIRT CHEAP TENNESSEE, LLC aims to restructuring its financial obligations while continuing to operate its business. Bankruptcy information indicates that the company has taken this step in an effort to address its financial challenges. The court will now assume jurisdiction over the case and preside over the bankruptcy process, which is expected to shape the future of DIRT CHEAP TENNESSEE, LLC's operations and management.

DIRT CHEAP TENNESSEE, LLC, a regional retailer specializing in discounted home and garden products, has filed for bankruptcy. According to court documents, the company's assets are valued between $100 million and $500 million, while its liabilities fall within the same range. With over 200 creditors listed, DIRT CHEEP TENNESSEE, LLC is facing significant debt obligations. As a home improvement retailer, the company operates in a competitive industry where customer loyalty and pricing strategies play crucial roles. The bankruptcy filing is expected to have a ripple effect on the local economy, with potential implications for employees, suppliers, and the broader retail sector. Details of the restructuring plan and asset liquidation are still to be determined as the court proceedings unfold.

DIRT CHEAP TENNESSEE, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.