TNA Expected To File For Bankruptcy

On the latest Wrestling Observer Radio, Dave Meltzer discusses TNA will likely file for bankruptcy. There's no indication as to what would happen end up happening next, but the main creditors are for sure going to end up being Billy Corgan, Aroluxe and The Fight Network.

Dave Meltzer commented on the sale of the company and Dixie Carter not wanting to look bad, which is a really a weird concern at this point and time.

"The whole thing is, Dixie is still trying to figure out a way - this is why it hasn't been sold - I don't know if it's to stay in control but the whole thing is, she doesn't want to look bad publicly."

 Dave Meltzer didn't directly say if TNA would be filing  for Chapter 7 or Chapter 11 bankruptcy. It's likely possible that TNA could stay alive if they filed for Chapter 11. Chapter 7 would likely mean the end of the company. TNA has scheduled TV tapings at Universal Studios in Orlando for early January.