Local Church Stands to Lose $8.5K in Family Christian Stores Chapter 11
This was left as a comment at Steve Laube’s blog article about the Family Christian Stores Chapter 11 filing. For some reason, I just felt I should share it here; I really feel sad for this church.
This hits all the way to the local church. We sponsored a music event, where FCS was a ticket outlet. They sold $8507 in tickets. Instead of getting the check, I received the official Chapter 13 notification in today’s mail. Our event was Feb 2-7. The filing was on Feb 11. If the handwriting was on the wall, they should not have accepted our tickets. They literally took our ticket money. A bitter pill to swallow!
Pastor Bill Bailey
I don’t think of any of us are prepared for the length of time and degree of impact of the various ripple effects from what has happened as FCS. No matter how successful they are at restructuring, our industry is never going to be the same.