Chapter 7 bankruptcy filed by photo business. The photography business used to be much different than it is today. In order to take photos, you had to buy a camera and film. Many of the cameras could be very expensive. This was a very good time for both the camera and the film business. Camera shops used to be all over the country. Technology changed the entire industry. Smart phones came out with better cameras. People could take pictures on their phone. Expensive cameras and films were no longer in demand. This spelled trouble for many businesses. One of those was Calumet Photographic, a Chicago based camera supply and photo services provider. The shop had been around since 1939. That all changed earlier this year. The business had to consult with a bankruptcy lawyer. The result was a Chapter 7 bankruptcy filing and the Chicago store was shut down. Sudden changes in life not only hit business. Many people have a change in circumstances that changes everything. A job loss, medical bills, divorce, all of these can make even paying your bills a chore. Then stress builds as pushy bill collectors will not leave you alone. There is hope. The bankruptcy code is not only there to help photo shops. It is there to help everyone in financial peril. If bills are becoming a nightmare, do not take it lying down. Take action. Contact an experienced bankruptcy lawyer to answer your questions and address your concerns. Most bankruptcy attorneys will provide you with a free consultation. Filing bankruptcy does not need to be scary. Not if you have a knowledgeable bankruptcy lawyer to counsel you every step of the way. Do what a photo business that had been around since the 1930’s did. Realize there are some burdens that require help. Perhaps a bankruptcy filing will give you the fresh start everyone deserves.
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