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.

Business
New Hamilton County Business Licenses
  • 7/21/2025

Here are the new business licenses from the County Clerk's office: 3D PHYSIOFITNESS CARL W DISCHLER II 4604 TENNESSEE AVE CHATTANOOGA TN 37409 A B REMODELING & CONSTRUCTION LUIS A ... more

Tennessee Unemployment Holds Steady Three Months In A Row
  • 7/17/2025

Tennessee’s unemployment rate has held steady at 3.5% for the last three months, and June's jobless number was more than half a percentage point below the national rate, according to data released ... more

Georgia Makes History As Jobs Top 5 Million
  • 7/17/2025

The Georgia Department of Labor (GDOL) announced today that Georgia’s June unemployment rate was 3.5%, unchanged from May. The unemployment rate was six-tenths lower than the national unemployment ... more