The Dallas Morning News is reporting another possible bankruptcy. The paper says Park Cities Chrysler-Jeep-Dodge has stopped selling new cars. Many Chrysler dealerships are facing similar circumstances in the current economy. The News reports Chrysler Financial is no longer financing dealer loans and is even calling in dealer loans. Since this means dealers must come up with millions, bankruptcy may be inevitable.
Dealers, employees, and their families face tough financial futures when local businesses fail. If their debts pile up, personal bankruptcy may follow.
Individuals facing personal bankruptcy turn to Irving bankruptcy lawyers, Dallas bankrutpcy attorneys, or law firms in Arlington and Fort Worth.
Share