Bankruptcy

Bank Offers No Help in Reducing Debt

by Joanne on May 31, 2008

in Finance

Last summer my business cash flow began dropping as my wholesale book suppliers increasingly competed against me, undercutting my prices. The wholesalers were also raising prices while cherry-picking inventory, and it became more difficult to find good inventory with a decent profit margin. Amazon continued to erode the profit margin for used books by increasing [...]

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When I decided to consider bankruptcy as an alternative, I looked in the yellow pages for an attorney who handled both business and personal bankruptcy. My business was failing and once that was finished, I was out of a job. I would no longer be able to afford my home or service my debt. There [...]

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