Thursday, January 06, 2005

Nothing to see here

Just in case you needed a reminder of how risky small business can be, here's one: From an SBA Business of the Year in 2003 to Chapter 7 bankruptcy in 2004. The case was discharged Dec. 28 with a long line of unsecured creditors, including The Outpost (ouch).

UPDATE: Here's more information.

6 comments:

Anonymous said...

Almost sounds like some anti-trust violations...in another local case, competitors tried to run a Billings Outpost advertiser out of business by threatening a boycott of suppliers if they sold theor prduct to the competition. Those suppliers then refused to sell their products to the business in question. A complaint was filed witht he Federal Trade Commission but anti-trust violations were never enforced. As far as I know, the suppliers in queastio still refuse to sell to the business in question. None of this ever made the Outpost because, at least oone of the businesses who forced the boycott is also an Outpost advertiser...

Anonymous said...

Almost sounds like some anti-trust violations...in another local case, competitors tried to run a Billings Outpost advertiser out of business by threatening a boycott of suppliers if they sold theor prduct to the competition. Those suppliers then refused to sell their products to the business in question. A complaint was filed witht he Federal Trade Commission but anti-trust violations were never enforced. As far as I know, the suppliers in queastio still refuse to sell to the business in question. None of this ever made the Outpost because, at least oone of the businesses who forced the boycott is also an Outpost advertiser...

David said...

Anonymous, I don't know what case you are referring to. The only similar situation I know of involved Cremation or Funeral Gallery, which alleged shortly after it opened that some other funeral homes in town had threatened a boycott of a casket supplier if the company sold to Cremation. This can't be the situation you mean, however, because this was reported in The Outpost (too long ago, unfortunately, for a link).

Anonymous said...

Thats who I am referring to. I didnt name names because I thought you might delete the post. The manaufacturers are the Batesville Casket Company and the Medallion Casket Company. I haven't talked to Nordquist in about a year, but as far as I know, the boycott stands.

When Jerry opened shop, he couldnt even get any vendor to sell him an embalming machine--he had to buy one from a funeral home that was going out of business in Big Timber.

I suppose it's a little ironic that Smith's is one of the businesses behind the boyoctt butthey didnt have any problem sucking on the City teat to get a sweatheart deal on the old Bungalow Night CLub on Sout 27th...Ask COuncilman Brown about that scam.


In the case of Jerry Nordquist, sucess is the best revenge.

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