So for the past several months I've been wading through piles and piles of bankruptcy paperwork -- 456 dockets so far, to be exact -- to try and discern a clue about what the hell is going to happen and when. And tonight I think I've finally discovered why this has taken so, so long -- but still no indication to when something's going to happen.
Two big documents I discovered -- one was a hidden objection to the motion to reject the lease, filed by the landlords at my facility. I missed this one initially because it was buried in a motion pertaining to Chicago locations. The objection was two-fold -- one, that the language was very vague in the original motion to an extent that is not admissible; two -- that a motion to reject the lease is premature because my company was hunting for buyers to sell to. (Also, in the course of the objection, the landlords assert their right to assume complete and full control of the premises on date of rejection, should it happen -- a validation of my 'chains on the doors' theory -- yep, it really could happen. I wasn't very far off on that at all.)
Ahhhhh.
The other document -- an itemized bill from legal counsel. Bankruptcy requires transparency, and flipping through the logs for June, one discovers that...YES. My location had an interested buyer, complete with Asset Purchase Agreements and Bills of Sale drawn up, who subsequently disappeared after June 12 -- the same day above mentioned objection was filed.
Am I through the looking glass yet? I seriously doubt it, but somehow I think this may drag out even further. They're going to try and sell the location rather than have it rejected, because they can get money off that. But there will come a point that they're running out of time... and I hope that's very soon, because I've taken a couple of gambles now. There's still a few weeks to let the chips fall and the dust settle, but still -- this is scary.
Incidentally, I've really gotten to hate my job as it is right now. I don't think I've ever done anything harder (mentally at least) than pull myself up to go into work every day. I've been through some really tough stuff in my life, too, so that's saying something!
Thursday, July 30, 2009
Tuesday, July 28, 2009
reprieve
OK, I can breathe a little now. Just a little. I've touched base with NYC, and with roommate, and I have a little room to work.
N -- new roommate in NYC -- was planning on building out my room before I entered the picture -- so he'd already planned to not have a roommate for the month of August so he could hang drywall and windows and such. We talked today and I explained the status of my job at this second in time, and it's no problem. Smooth sailing. So I don't have to worry about losing the pad if nothing happens this week. I have a little time. PLUS, if that doesn't work out... his other roommate is also leaving, on September 15 - a better room, more space... so that could all work out beautifully.
Current roommate has secured his new roommate -- for September 1. So I have some breathing room locally, too. I can let some dust settle and take things as they come. But if you know me, you know I've never been one for stasis. I had that horrible feeling of nerves and dread going into work tonight. I just don't want to be there anymore. It's so frustrating. One of my former colleagues told me he knew he was done when he found himself crying on his way to work... and I feel like I'm getting close to that. It's time to move on.
But a bright spot this week has been the presence of my sister and nephew. Dinner with the fam on Sunday night was great, and Zoo Atlanta this morning was a lot of fun -- somewhere I'd never been before! I may get to hang with them again tomorrow before they depart back to FL on Wednesday. I do wish I were a bit more mobile than I am -- the ability to easily go see family and friends is definitely a large gap in my life. Ironically, a move to NYC might make things easier -- a better paying job makes it easier to pay for plane tickets!
N -- new roommate in NYC -- was planning on building out my room before I entered the picture -- so he'd already planned to not have a roommate for the month of August so he could hang drywall and windows and such. We talked today and I explained the status of my job at this second in time, and it's no problem. Smooth sailing. So I don't have to worry about losing the pad if nothing happens this week. I have a little time. PLUS, if that doesn't work out... his other roommate is also leaving, on September 15 - a better room, more space... so that could all work out beautifully.
Current roommate has secured his new roommate -- for September 1. So I have some breathing room locally, too. I can let some dust settle and take things as they come. But if you know me, you know I've never been one for stasis. I had that horrible feeling of nerves and dread going into work tonight. I just don't want to be there anymore. It's so frustrating. One of my former colleagues told me he knew he was done when he found himself crying on his way to work... and I feel like I'm getting close to that. It's time to move on.
But a bright spot this week has been the presence of my sister and nephew. Dinner with the fam on Sunday night was great, and Zoo Atlanta this morning was a lot of fun -- somewhere I'd never been before! I may get to hang with them again tomorrow before they depart back to FL on Wednesday. I do wish I were a bit more mobile than I am -- the ability to easily go see family and friends is definitely a large gap in my life. Ironically, a move to NYC might make things easier -- a better paying job makes it easier to pay for plane tickets!
Wednesday, July 22, 2009
...
You have GOT to be kidding me.
At the LAST POSSIBLE SECOND... as in 5 PM, close of court clerk business today... tomorrow's hearing has been adjourned until August 10. At least THREE MORE WEEKS OF THIS CRAP.
I'm just floored. We all know the end result here. Delaying the inevitable like this is pure torture. Put us out of our misery already!
At this rate, I may lose the NY apartment... I'm trying desperately to be responsible and smart about this -- that I won't make the move until I have a new job in NY or the gym closes so that I won't lose my insurance or be stuck on unemployment for an unreasonable amount of time. A new job is nearly impossible to secure unless I'm physically there.
I'm thisclose to tossing decorum out the window and going straight to the top - a carefully worded, respectful email or phone call to my CEO, basically asking him to allow me the opportunity to make an informed decision instead of being ambushed. And honestly, I don't think there's much to lose at this point -- though if I was hoping for a transfer (and I have inquired about this to deafening silence) -- it might not be an option. But hell, maybe it isn't anyway.
Bright spot, though.. I get to have lunch with my old boss tomorrow. I miss her so, so much.
At the LAST POSSIBLE SECOND... as in 5 PM, close of court clerk business today... tomorrow's hearing has been adjourned until August 10. At least THREE MORE WEEKS OF THIS CRAP.
I'm just floored. We all know the end result here. Delaying the inevitable like this is pure torture. Put us out of our misery already!
At this rate, I may lose the NY apartment... I'm trying desperately to be responsible and smart about this -- that I won't make the move until I have a new job in NY or the gym closes so that I won't lose my insurance or be stuck on unemployment for an unreasonable amount of time. A new job is nearly impossible to secure unless I'm physically there.
I'm thisclose to tossing decorum out the window and going straight to the top - a carefully worded, respectful email or phone call to my CEO, basically asking him to allow me the opportunity to make an informed decision instead of being ambushed. And honestly, I don't think there's much to lose at this point -- though if I was hoping for a transfer (and I have inquired about this to deafening silence) -- it might not be an option. But hell, maybe it isn't anyway.
Bright spot, though.. I get to have lunch with my old boss tomorrow. I miss her so, so much.
Tuesday, July 21, 2009
like a hurricane blew through
The interesting week officially got more interesting today. The way I figure it... I'm either out of a job on Friday, or out of a job on August 1. Either way -- I'm out of a job!
As mentioned in the previous post, Thursday is the lease rejection hearing. No adjournments have been filed. The stalking horse bid has been accepted and qualified -- and now just needs final approval from the court and it's just a short jaunt to their closing day where ownership is officially transferred. They are running out of time. Looks like any possible sale of the facility has completely fallen through because this afternoon, the property manager plowed through the doors with about twenty people in tow. A couple of people who work for the management company... but mostly people in business suits with clipboards and folders and pens for taking notes -- and not a single business card available...or so they claimed.
A little digging reveals that our property management has quietly started notifying real estate agencies that my facility will soon be vacant and they're looking for a replacement tenant ASAP. And there you have it. Bankruptcy is bloody business, and I knew I'd get cut sooner than later. And at this point, I'm not sad or upset or anything -- I've already gone through those grieving stages several months back. I'm very much at acceptance, now, and I'm ready to get moving on with life. Of course I'm annoyed that this process has taken so long, because it means I have to forfeit my deposit on my current pad, and the move to NYC is not August 1, but probably closer to August 5, or 15, or somewhere in there. But I'm coming to the end of this arduous road, at long, long last -- preparing to set foot on a new arduous road instead. All it comes down to now is exactly when. In all likelihood, my prediction of coming in Friday with chains on the doors is going to be correct.
Next!
--
Healthwise... my left arm is giving me all kinds of trouble. That's the formerly broken arm. I seem to be more sensitive to weather patterns now, and for the last two days my arm has been giving me all kinds of grief... and now my index finger seems to be joining in the fun. Can't be arthritis...could it? It's just the one finger. It's what I imagine arthritis must feel like though. Hurts! A lot!
As mentioned in the previous post, Thursday is the lease rejection hearing. No adjournments have been filed. The stalking horse bid has been accepted and qualified -- and now just needs final approval from the court and it's just a short jaunt to their closing day where ownership is officially transferred. They are running out of time. Looks like any possible sale of the facility has completely fallen through because this afternoon, the property manager plowed through the doors with about twenty people in tow. A couple of people who work for the management company... but mostly people in business suits with clipboards and folders and pens for taking notes -- and not a single business card available...or so they claimed.
A little digging reveals that our property management has quietly started notifying real estate agencies that my facility will soon be vacant and they're looking for a replacement tenant ASAP. And there you have it. Bankruptcy is bloody business, and I knew I'd get cut sooner than later. And at this point, I'm not sad or upset or anything -- I've already gone through those grieving stages several months back. I'm very much at acceptance, now, and I'm ready to get moving on with life. Of course I'm annoyed that this process has taken so long, because it means I have to forfeit my deposit on my current pad, and the move to NYC is not August 1, but probably closer to August 5, or 15, or somewhere in there. But I'm coming to the end of this arduous road, at long, long last -- preparing to set foot on a new arduous road instead. All it comes down to now is exactly when. In all likelihood, my prediction of coming in Friday with chains on the doors is going to be correct.
Next!
--
Healthwise... my left arm is giving me all kinds of trouble. That's the formerly broken arm. I seem to be more sensitive to weather patterns now, and for the last two days my arm has been giving me all kinds of grief... and now my index finger seems to be joining in the fun. Can't be arthritis...could it? It's just the one finger. It's what I imagine arthritis must feel like though. Hurts! A lot!
chains
Ooo, boy, this is getting interesting. A lot of stuff coming right down to the wire.
Hearing to reject the lease is Thursday. If precedent is anything, the last two times they adjourned, it would have been put in by now. But they have not. This hearing is at the exact same time as the hearing to approve the bid for purchase...which was finalized today. And other clubs on the rejection motion have bidders lined up to purchase their assets. Mine? Not one of them.
I'm beginning to think that Friday, we will show up to work with chains on the doors, and that's how we'll be notified we're out of a job. Bankruptcy is nasty stuff.
Hearing to reject the lease is Thursday. If precedent is anything, the last two times they adjourned, it would have been put in by now. But they have not. This hearing is at the exact same time as the hearing to approve the bid for purchase...which was finalized today. And other clubs on the rejection motion have bidders lined up to purchase their assets. Mine? Not one of them.
I'm beginning to think that Friday, we will show up to work with chains on the doors, and that's how we'll be notified we're out of a job. Bankruptcy is nasty stuff.
Saturday, July 18, 2009
could it be?
Something's happening!
Don't know exactly what, but there are many indications this coming week is going to be...eventful. Stay tuned.
Don't know exactly what, but there are many indications this coming week is going to be...eventful. Stay tuned.
Thursday, July 16, 2009
the waiting game
This is all taking so much longer than I'd really like. I'm trying my damnedest to not get discouraged over any of it but...sheesh. I gotta know something! There are moments where I wish I was completely in the dark so I wouldn't feel like I'm just waiting...waiting...waiting...
And the clock ticks forward. Just a little.
And the clock ticks forward. Just a little.
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