The Latest Lawsuit Against TNA

This is already beyond painful. In addition to the now ridiculous number of lawsuits against the company, according to F4wonline, Bank Direct Capital Finance LLC is suing TNA for over $200,000. TNA borrowed about $400,000 to make insurance payments but only paid back about half the debt. The $200,000 does not include late charges, interest and attorneys fees.

TNA’s legal troubles have been widespread in recent weeks and this is yet another added to the pile. It’s possible that Bank Direct Capital Finance is making sure their name is on a list of creditors in case TNA is forced to declare bankruptcy, which is starting to look more and more likely almost every day.

What do you even say at this point? We’re reaching the point where TNA is facing a new six figure lawsuit almost every few days. Their debts are already in the millions of dollars and it’s been made fairly clear that they don’t have money coming in to cover those costs. This isn’t going to look good to any potential buyers or investors either but for some reason the company just keeps on going.

What do you think of TNA? How much longer do you see them going on? Let us know in the comments below.