With its constant scrambling for money, TNA is starting to resemble a much more beloved promotion: ECW. While ECW was not entirely solvent going back to at least 1999, when stories of bounced checks were hitting the wrestling newsletters, the situation got especially dire in the last year or so of the company's existence. After shutting down in January 2001, the company filed for Chapter 11 bankruptcy protection on April 4th of that year (the trustee eventually converted it to a Chapter 7 bankruptcy so as to liquidate the company).
Subscribe for digital access
New Wrestling Observer Newsletter plus tons of downloadable podcasts every week
F4W/WON Email Alerts
Get breaking news alerts & weekly roundups sent to your inbox
Send us a news tip at