In order to reform their finances, Old Time Pottery has decided to file for bankruptcy this week due to impact of Covid-19. Prior to the pandemic, the company experienced a sudden decline in sales that went on as long as 6 weeks. According to the company’s statement, the were mandated to follow the regulations of the state and local governments. This meant the closure of stores in the states of North Carolina, South Carolina, and Illinois. However, they did not see any reductions in staffing in any other stores or distribution centers outside of these states.
Are you on the brink of filing for bankruptcy? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.