Page 243 - That’s Crazy ebook

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fees from the bimbo suit and still have enough money for the

bankruptcy attorney to help me to figure out how I would get out of
the $400,000 that was hanging over my head. I had no clue about how

I would ever be free of debt. I did not have a clear understanding of
the bankruptcy process.

One of my former clients hired me as a consultant to support a
conference scheduled for August, at least I had a salary until the end

of August. It also allowed me to figure out things, keep working and

not think of the loss of the company and how to deal with my next
life.

When I started the business, I had no clue what I was doing, I
was personally guaranteeing everything the company required to

operate. Not understanding the community I grew up in, it was always
cash and carry, my parents did not deal with credit. I had no clue of

the impact of personally guaranteeing everything. I clearly understand
now; it meant I was liable for the debt even if the business folded. I

had funded the majority of the business operations through American
Express; I owed $100,000 to them alone. Jerome and Tyrone never

placed themselves in the position I did, they both were able to walk
away unscathed and reap the total benefits of the business.

The court hearing for crazy Jerome was the next day. I thought I
did not need anyone to go with me to the hearing and I did not want

to continue to burden my friends.

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