Title

"Focus on Banking & Finance" piece on David Clough, state director for the Natio

Authors

Sara Donnelly

Source

Mainebiz

Date

4-6-2009

Pages

22-24

Abstract

"Focus on Banking & Finance" piece on David Clough, state director for the National Federation of Independent Businesses, who says he is seeing more cases like that of Jim Picariello, owner of Wise Acre Frozen Treats in Blue Hill. Picariello couldn't obtain promised funding and is declaring bankruptcy, because restructuring his business under Chapter 11 would be too costly. Several lawyers offer advice on being proactive and trying to negotiate a work-out before filing for bankruptcy. With statistics on bankruptcy filings in Maine from 2002-2008.

Subjects

National Federation of Independent Business, Bankruptcy

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