Report: 'Joe Gibson' Dealerships File For Bankruptcy

Our coverage partners at "Herald-Journal" report the papers filed with a federal judge would have $2.4 million dollars available to settle hundreds of lawsuits filed against "Joe Gibson Automotive" and "Joe Gibson Auto World."

By: Noelle Kachinsky with credit to Herald Journal | WSPA-TV
Published: February 26, 2009

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The 'Joe Gibson' car dealerships have filed for Chapter 11 Bankruptcy. As News Channel 7 first reported, the business closed their lots in the Upstate last summer.
Our coverage partners at "Herald-Journal" report the papers filed with a federal judge would have $2.4 million dollars available to settle hundreds of lawsuits filed against "Joe Gibson Automotive" and "Joe Gibson Auto World."
Those customers claim they owed more on their vehicles than they were worth because of deceptive promotions.

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