Post by
spyguy200 on Apr 10, 2014 4:21pm
salaries/bankruptsy
My concern is if they will make payroll on Friday? What about in 2 weeks? The payroll is about a third of what the company value is! I was baffled on how they were going to do a 9 million dollar settlement and then it hit me...you know those new customers that come in and take a big loan and then aweek later you get their bankruptsy papers in the mail....sounds like maybe our company is about to get the settlement approved then dissolve it in a bankruptsy....i bet the moment that it is finalized the company will file! lol so predictable!
Comment by
sickofwondering on Apr 10, 2014 4:24pm
Everyone in this branch is worried about the same thing... I'll be checking my bank account at midnight.
Comment by
destroyed on Apr 10, 2014 4:33pm
You will be paid tomorrow - the company has to much money on the street to risk the staff walking out. think about what is collected company wide every day. Don't worry about 4/11. But don't count on 4/25
Comment by
sickofwondering on Apr 10, 2014 4:46pm
Destroyed, do you think bankruptcy is inevitable? Also, what about those new Title Stores? Will they shut down with all the other branches?
Comment by
spyguy200 on Apr 10, 2014 5:04pm
Opening new stores would be a good sign for any other company but their egos have constantly forced them to make bad decisions! I can see them doing somethjing stupid like this with no money in the bank. If they are under the CSF umbrella...they will go too!
Comment by
sickofwondering on Apr 10, 2014 5:16pm
Are there any hail Mary's left for this company? Any tricks they could have left up their sleeves?
Comment by
ataloss on Apr 11, 2014 4:24pm
Just like they prepared all of the Ontario branches with the access cash cards - they jumped the gun there big time - how much money did it cost them to do this?? all the training etc. then nope not on the table...
Comment by
destroyed on Apr 10, 2014 5:29pm
Everything that the company is involved in, including Title Stores, is inter-related so they will all go down at the same time. Honestly, the weight of the debt will crush the company - even severing Ontario will not save it now. The question is when? Trust me, the creditors of CSF are making the decisions now, not the management.