I just received what could be the last paycheck from NewCom Technologies. We've gotten ourselves into a ridiculous situation because a trusted client failed to get a government grant. They were already into us for $500,000 and we were into others for half of that. The problem with the situation is that while we will not see any of that $500,000, our creditors fully expect to see all of the $250,000 that we owe. After multiple promises from our client dating to October, I think it's finally time to admit that it's over.
Well, it's been a good run. It's been a great run, actually. Who wants to hire me? I've got skills.
1 Comments:
Three words:
Chapter 11 bankruptcy.
Signed,
John DeLorean
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