Friday, June 29, 2007 2:31:49 PM
Never the less, in time, insurances paid their obligations and FEMA lent a hand. The SBA made it possible for businesses to recover from losing everything. Granted, it wasn't a walk in the park and there were many consiquences to pay while business was down. Businesses that were in bad shape to begin with either went belly up or had to sell their soals to the devil to hang on. Businesses that were in good shape were able to make it, eventhough it took every resource at their disposal to do it.
In the end, there is also bankrupsy. I know there is a bad stigma with that word, and it isn't something anyone wants to go to, but bankrupsy was put in place for that very reason. It gives a business a safty net when things like that happen.
As far as me showing my ignorance with hurricanes, I am FAR from ignorant on the topic. Please do not assume you know who you are talking to.
These are my opinions unless otherwise noted.
Proud member #2 of the "iHub 9". All CAPS will crush the whimpy girly man quotes!!!
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=15992
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