Another TNA lawsuit has been revealed as BankDirect Capital Finance, LLC filed a lawsuit on September 29th in Cook County, Illinois asking for $207,612.29 plus legal fees, interest and late charges.

Back on November 30th, 2015, BankDirect entered into an agreement with TNA Entertainment, LLC, to pay TNA $400,146.00 so TNA could pay certain insurance premiums. TNA agreed to make 10 monthly payments of $41,032.45 with the first payment coming on November 13th, 2015. As of September 29th, TNA had paid almost half of the suit but was still $207,612.29.

Source: WrestlingINC

The following is set for tonight’s 10/20 TNA Impact Wrestling on Pop TV:

TNA World Championship: (C) Eddie Edwards vs Cody Rhodes

#1 Contenders Match: Lashley vs Moose

TNA Grand Champion Aron Rex is the guest on Eli Drake’s “Facts of Life”

TNA Tag Team Champions The Hardys vs The Tribunal

Mike Bennett in action

An interview with TNA X-Division Champion DJ Z

As noted, TNA will tape a special “Total Nonstop Deletion” episode of Impact Wrestling from Matt Hardy’s compound in North Carolina, to air on December 15th. The Wrestling Observer Newsletter reports that they also may tape a two-hour Hardy Family Christmas special from the compound, to air on December 22nd. TNA may then finish the month with a year-in-review show on December 29th.

Speaking of that “TND” episode, Matt has been hyping the in-ring debut of his toddler son, Maxel. Below is a clip of Maxel trying to perform a leg drop:

Source: WrestlingINC

It was noted on the latest edition of Wrestling Observer Radio that TNA will likely file for bankruptcy with the idea of absolving their debt. There’s no indication as to what would happen next but the main creditors would be Billy Corgan, Aroluxe and The Fight Network.

Dave Meltzer also commented on the sale of the company and Dixie Carter not wanting to look bad, which is a baffling concern at this point:

“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.”

Meltzer did not say if TNA would be filing Chapter 7 or Chapter 11 bankruptcy. It’s possible TNA could stay alive if they filed for Chapter 11 but Chapter 7 would likely mean the end of the company. As noted this morning, TNA has scheduled TV tapings at Universal Studios in Orlando for early January.

Source: WrestlingINC

It’s just been revealed that American Express Travel Related Services Company filed a lawsuit against TNA for unpaid bills back in the summer.

The suit was filed in the Supreme Court of New York state on July 20th. American Express claims nonpayment of $269,049.50 in travel-related expenses. They claim that TNA used their American Express Corporate account to charge various items and then never paid AMEX.

AMEX also claims that TNA agreed to payments on the receipt of monthly billing statements and to pay court costs if the case went to court. It’s also claimed that the agreement included TNA would have to pay all reasonable costs when it came to AMEX collecting what they were owed, including delinquency fees and finance charges.

AMEX is asking for $269,049.50 as well as all legal costs to be paid.

Source: WrestlingINC

As noted, TNA held their television tapings last week that gave them enough content for the show to air through December. Dave Meltzer noted on the latest edition of Wrestling Observer Radio that this weekend is a pay period and talent are supposed to get paid. While TNA received funding before Bound For Glory for the uplink and production of the PPV and subsequent television tapings, it’s not clear if it was enough to pay the talent through the end of the year. Meltzer noted that not paying the talent would breach their contracts, and he knows that “a couple of guys” are ready to declare themselves free agents next week if they do not get paid this weekend.

Meltzer also reported that last night’s Impact Wrestling was almost pulled by Pop TV yesterday afternoon due to a musical rights issue not related to the Billy Corgan lawsuit. The show ended up airing with some wrestlers coming out with dubbed in crowd noise instead of their music. It was noted that there was a period yesterday where it looked like there was a good chance that Pop would pull the show until the issue was settled and the songs were edited out of the show.

Source: WrestlingINC