Credit crunch hits Old Time Pottery

By Geert De Lombaerde Posted on August 25, 2009 at 7:26 am

The Murfreesboro-based retailer of bargain home decorations has been unable to extend its main line of credit and has filed to restructure under Chapter 11 of the bankruptcy code. Old Time execs are focused on bouncing back quickly.

“We have achieved significant improvements in our operation in 2009 resulting in significant savings. We are evaluating the most prudent course of action to assist us in meeting our operational and financial objectives in the future, including the replacement of our line of credit.”

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Tags: bankruptcy, credit crunch, Old Time Pottery, residential real estate, retail  

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