Rob Turns to Bankruptcy in Hopes of Saving His Club

Rob Bishop Headshot
[Illustration by Arnel Reynon]
[Illustration by Arnel Reynon]

It's April 2016. My business partner has left the business and I've taken over as managing partner. That's a fancy term for the guy stuck with all the problems. Over the past few years, the financial position of my company deteriorated to the point we might actually go out of business — something that had previously been unthinkable.

The bank account was overdrawn. We were at least 30 days behind with every vendor and at least 60 days behind with most. We were years behind on our property taxes, and the local tax bureau was on the brink of seizing and selling our property in a sheriff sale. We also owed the IRS and the state back taxes.

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