FRIENDLY ADVICE

Chapter 7 bankruptcy?  We weren't sure.  We didn't know what to do exactly, and a number of friends have offered advice. We don't want word getting out too much on this, as the business will have to be closed and the assets sold off.  Even though we don't live in the same town, we do live in the same county, and word travels fast.  The only assets that aren't pledged to some other previoius debt are a couple of the older trucks which aren't worth much anyway.  We will have to sell our home too, as we will never be able to pay off the amount of money we owe the varioius creditors.  I don't know how we will get through this or where we will go when it's all said and done.  You'd be surprised how quickly you lose friends when you are on the downhill slide.  I just don't know how we got to this place.  Well, I do really, but it took us by surprise.  I made a few errors in judgement, and nobody caught it.  We should have never gotten into bed with that big company.  They began to tell us how to run our production, and we ramped up to meet it.  Tht was a big mistake.  When they pulled the plug it cost dearly.

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