Bankrupt Michel’s Patisserie franchisee forced to raid kids’ bank accounts to pay off $350,000 debt

in #collapse7 years ago

A FORMER Michel’s Patisserie franchisee was forced to raid his children’s bank accounts to pay off debts after the collapse of his business. 

Melbourne man Robert Verni told of how his entire family was “financially ruined” by Retail Food Group, the country’s largest franchise operator which owns brands including Michel’s Patisserie, Gloria Jean’s and Donut King. 

Full story here:

http://www.news.com.au/finance/small-business/bankrupt-michels-patisserie-franchisee-forced-to-raid-kids-bank-accounts-to-pay-off-350000-debt/news-story/ae3d857151cd7808f01ed85cd9cc7deb

 Why not join our Facebook group? Global Financial Crisis - Part 2.

https://www.facebook.com/groups/125484891548045/

We are a small, yet growing group that share articles from all over the globe about the Global Financial Crisis that is heading our way (again!).       

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.031
BTC 62686.30
ETH 2673.08
USDT 1.00
SBD 2.56