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.


Justice And Peace Center's Mercy Store Holds Grand Opening This Saturday

Chattanooga’s new Justice and Peace Center will open the doors to its fair trade Mercy Store with a grand opening celebration at  6 p.m. on Saturday , followed by a book signing by local author, Judith Pederson-Benn at  7 p.m. Mercy Junction is a ministry of the Presbytery of East Tennessee that operates the new Justice and Peace Center at St. Andrews on Union ... (click for more)

Covenant Transportation Has Increased Revenue For First Quarter

Covenant Transportation Group, Inc. announced Thursday financial and operating results for the first quarter ended March 31. Highlights for the quarter included the following: Total revenue of $167.2 million, an increase of 3.9 percent compared with the first quarter of 2014. Freight revenue of $143.3 million (excludes revenue from fuel surcharges), an increase of 13.5 ... (click for more)

Woman Injured, Man Dead After Shooting Outside Collegedale Walmart

One man is dead and a woman injured after a shooting near the Collegedale Walmart on Sunday afternoon. The man apparently shot the woman in the lower extremities prior to taking his own life. The incident was at the Game Stop in Ooltewah around 2:20 p.m. The woman was taken to the hospital with gunshot wounds to the legs. (click for more)

Anonymous Facebook Posters Pose Possibility Of Signal Schools Separating From Hamilton County School System

"Should Signal Mountain Schools separate from the Hamilton County School System?"   That’s the question posted on a Facebook page titled, simply, Signal Mountain Independent School District.   The creators of the page do not identify themselves. “(W)e certainly don’t want our kids dragged into the issue or targeted for special treatment by any ... (click for more)

The Heart Of A Teacher Makes A Difference - And Response (2)

In less than four weeks, I expect to be one of 216 graduating seniors from East Hamilton School. One could say all possible variables help a student rise to the highest levels in school; but a student is more than his environment or genetic code. He is a mixture of his own propensity and dedication to academics, coupled with a systemic team of mentors who give their all as a student’s ... (click for more)

Roy Exum: FBI To Study ‘Lickers’

About 25 years ago there was a terrifying movie called “The Silence of the Lambs.” It was so good it won the Academy Awards in all five categories – Best Picture, Best Actor, Best Actress, Best Director and Adapted Screenplay. Further, Anthony Hopkins and Jodie Foster were brilliant, but do you remember the third “star?” Scott Glenn played a character named “Jack Crawford,” the ... (click for more)