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That sucks man, but remember, the smartest never let a bankruptcy defeat them. In fact, many use it as a business tool. Even some of the original creditors that got burned come back again to invest in a later round and make way more money back than they ever lost.
If business wasn't a huge gamble, it wouldn't be so lucrative.
As someone with a real estate business on the mainstream side, I've seen A LOT of people lose EVERYTHING when the market crashed. It was a real wake up call for many. I also know people making a killing acting as vultures right now.
I hope the one lesson you learned is never own a club. If you want to own a liquor business, buy some hole in the wall bar in a small town that is already profitable and then leave it be.
For every successful club owner, I can point you to 3 that lost a ton of money and now have nothing to show for the effort. For as much as it costs to open a decent club ($2 to 7 million in my area), I've never understood why anybody would throw cash at it.
(That is unless they are getting their money through other means and need a convenient cash business to run some money through.)
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