Magazine files for bankruptcy. Newspapers and magazines have had a tough time in recent years. They have lost subscribers. A fraction of people read print editions of anything compared to a few years ago. The internet has hurt their business. The internet has in fact devastated many industries from the past. Publications have been among the hardest hit. People now read stories for free online. So why pay for it? The latest casualty is Sister 2 Sister magazine. The magazine has been forced to seek out the help of a bankruptcy lawyer and has filed bankruptcy. Sister 2 Sister is an urban magazine. The magazine has been really suffering. The print edition of the magazine has been put on hiatus. Based on other magazines that have been on hiatus, do not look for it to return. The company has decided to focus on its website. The employees have been hit as well. A writer of the magazine went on Twitter. The writer tweeted that the magazine owed him for three stories he had written. The writer also tweeted that the magazine told him they are in bankruptcy and cannot pay him. The magazine has been around for twenty five years. By filing bankruptcy, the company hopes it can stay in business catering to the internet crowd. This illustrates how things can change quickly. Publications used to be huge money makers. The internet changed everything. It turned a money making business into one that is struggling to survive. People facing foreclosure, job loss, and credit card bills understand. One unexpected change can turn your life around. To survive you must adapt. Sister 2 Sister knows they must focus on the internet. The magazine also knows the counsel of a bankruptcy attorney is needed to handle their debts. If an unexpected change has thrown your life for a loop. If you do not know how you will pay your bills. Do what a large publication did. Contact a bankruptcy lawyer. Ask about a free consultation. A fresh start might be a phone call away.
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