Today I decided I would need to close the business. My month to date sales are down about 90% from last year. I am barely bringing in enough money to pay the electric bill, let alone any other bills. This is tough. I’ve been in this business for 17 years, and had the store for 3 years now, but the economy has changed, and my business is a sport for people. Not needed, good sales when there is extra income… with high gas prices and a bad economy, no one is even coming in the doors.
Not only that, but if I stay in the building I will still be responsible for my rent. Since I included my business landlord in the bankruptcy if I am out of the building the same month as filing I am only responsible for rent prior to filing.
One more thing to worry about. Ugh.
Tags: bankrupt, business bankruptcy, chapter 7, personal bankruptcy, retaining a lawyer