Hardwick Clothes Files Bankruptcy

Tuesday, December 3, 2013

Hardwick Clothes, Inc. filed a voluntary bankruptcy petition for Chapter 11 reorganization on Monday. The primary cause of the filing was the unexpected action of the Pension Benefit Guaranty Corporation in demanding immediate payment of liabilities related to Hardwick’s terminated pension plan and PBGC’s threat to file a tax lien on Hardwick’s assets if immediate payment is not made. 

Hardwick is filing Chapter 11 to protect its assets and 225 employees, and expects to continue business in the ordinary course during the bankruptcy proceedings. Hardwick feels confident it will emerge from Chapter 11 with a financially solid, ongoing business, officials said.

Hardwick Clothes is a 133-year-old tailored clothing manufacturer located in Cleveland.  The company was founded in 1880 and continues to produce all of their clothing in their Cleveland facility.


TriAlta Advisors Merges With Tandem Financial Partners

TriAlta Advisors, an Ameriprise practice, is merging with Tandem Financial Partners.   Corey Anderson, who will be an investment manager, and his wife, Tricia, an administrative assistant, bring experience in investment management as well as advanced estate planning skills.   Samuel Montgomery is also joining TriAlta Advisors. Mr. Montgomery is a graduate of Liberty ... (click for more)

Primerica Has Open House For New Location May 19

Primerica, Inc. will celebrate its new location with an open house and Chamber of Commerce ribbon cutting on Thursday, May 19, from 4-7 p.m.  The ribbon cutting will be at 4:30 p.m.   Dewayne Crawford, a national sales director, and David Walters, a regional vice president with Primerica, Inc., have expanded their office and moved to 6025 Lee Hwy., Suite 326.  Mr. ... (click for more)

1 Person Shot On Wilson Street On Wednesday Night

One person was shot on Wilson Street on Wednesday night. The incident was near Orchard Knob Avenue. A section of Roanoke Street near the shooting scene was blocked off, with multiple police units at the location. (click for more)

Woman Tells Of Having Shots Fired At Her When She Walked Into Disorder At South Germantown Road Apartment Complex

Officer Joel Gunn of the Chattanooga Police Department and a woman who was fired at after she walked into the scene of a shooting testified in court Wednesday concerning the shooting at the Chateau Royale Apartments on South Germantown Road on April 22. Coy Sims, 48, was arrested by Officer Gunn after police were called by residents of the apartment complex. On the night of the ... (click for more)

Thankful For The Vital Role Teachers Played In My Life

Re: Roy Exum: Teachers Day Tomorrow Roy, I am especially appreciative of your poignant column written in tribute to teachers.  It made me tear up, as I have encountered both as a student and a career educator-- teachers like the second-grade teacher who said, "I wish you were my little girl" and teachers like Mrs. Poindexter.   My teachers have played such a vital ... (click for more)

Roy Exum: The DA’s Cold-Case Quest

It is clearly a job nobody can do for over an hour or two, but Neal Pinkston, working in hand with precise professionals from the county’s auditing department, is intent on doing the right thing. As I watched a revolving team of four people at a time open and study envelopes of autopsy photographs on Tuesday, the scene would have made a fascinating television documentary. But ... (click for more)