Good day! My story is not something that I have ever thought about and it's a nightmare!
Years ago, I was earning really well as a Corporate employee but I had to resign because my daughter had a critical illness. She was always sick and that has also affected my health.
Since I left my job, I used my savings to manage a restaurant that has become my source of income while being a stay at home mom.
During the first 2 years, the business was doing very well that it attracted investors and business partners.
In 2017, we have reached 6 mall branches and 3 kiosks with a total investment of 18 Million.
Things changed due to construction mishap, high operating cost, low foot traffic with market share and more competition.
Like any other business, we encountered turmoil and this was unfortunately not supported by my business partners.
As the Business Owner, I was forced to take a loan and I used my personal money to save the business but everything went down the drain. I reached out to my business partners for their shares on losses but the problem was completely ignored.
The legitimacy and closure of the business can be verified online through Google and social media.
It has been 2 years but I still have a lot to pay. I unfortunately reached the point that I’m running out of personal money and I think that it’s no longer right to pay for debts that is not mine. I have been paying for the unpaid dues and there are unsettled statutory employee benefits so I still need to pay government agencies with business tax.
I have also been dealing with my creditors. I did my best to pay for everything from my personal resources and I was forced to sell the branch that I own to get by and minimize debt but it’s just too much and I‘m exhausted.
To date, there’s one branch that is run by a franchisee but the income is not enough to pay for the debts incurred by the business partners who ignored lawful obligations.
It’s a shame to publish this in public but I want to keep my name clean and keep my family away from this obligation that will affect the future of my children. Please help me get out of this nightmare. I will be forever grateful and any excess amount would be donated to charity.