A bankruptcy lawyer says it may be a good idea to talk to your creditors before making a final deal with creditors.
Tyler Childwear’s bankruptcy filing came after the company announced it would shutter its doors in January 2019.
He says he has received thousands of emails, phone calls and text messages, but it’s difficult to track down and reach people who may not be as prepared as he is.
“There are some people who are just going to have to wait and see what happens,” he said.
Tyrell Childwear bankruptcy filingTyrell childwear’s filing comes after Tyrell Childware announced its bankruptcy in January, citing “unforeseen circumstances.”
Childwear says it’s filing for Chapter 11 bankruptcy protection to help pay creditors.
The company is seeking a $2.9 billion bond.
It also says it needs to borrow more than $1 billion.
The company is hoping to make an additional $100 million in debt payments in the coming months.
Childwear says he will need to work with his wife and two children to get the bankruptcy finalized.
He also wants to get an attorney on board.
“I think the biggest obstacle right now is, we don’t know what’s going to happen,” Childwear said.
Childwear says he’s prepared for what could happen if his wife, sister and son aren’t paid.
He wants them to get paid, but he says they’ve already been paid.
“My wife and the family are very happy and they’re doing well,” he says.
“We don’t want them to have any stress.
We want them focused on their family.”
Childwear also says the family should get paid and that he wants to be able to do everything he can to help his wife stay in the business.