Premier Pools files for bankruptcy

On behalf of The Rollins Law Firm posted in Chapter 7 on Wednesday, October 10, 2012.

It's no secret that we live in a difficult economy to run a business in. Despite many people's best efforts, sometimes a business venture doesn't work out, or an established business experiences financial difficulties that force its owners to have to make difficult decisions about how to proceed. If expenses begin to outweigh revenue, the business may have to file a Chapter 7 bankruptcy to wipe out the accumulated debt.

Jackson residents may be familiar with a company called Premier Pools, which has recently filed for bankruptcy. The company was originally based in Mississippi and is accused of substandard work, missed deadlines and property damage, according to the state staff attorney. The company filed for bankruptcy in September.

The company is being threatened with fines and the revocation of its license from Tennessee's Contractors' Board for the quality of its work. However, the company's attorney states because the firm is already in the process of bankruptcy and has no assets, the state would not be able to collect anything.

Its Chapter 7 bankruptcy filing means that the company's debts will be significantly reduced if not eliminated through the liquidation of its assets. Those who find themselves in financial difficulty would do well to seek advice on how to reduce their burdens. Finding yourself buried under a mountain of debt can be scary and overwhelming. But bankruptcy offers people and business in this situation viable options for debt relief so they can get out of debt and move on.

Source: NewsChannel 5, "State Suspends Pool Company's License," Jennifer Kraus, Oct. 5, 2012

Client Reviews
★★★★★
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
★★★★★
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
★★★★★
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
★★★★★
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.