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GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)
-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   TrafficDude Bankruptcy? (https://gfy.com/showthread.php?t=904794)

the Shemp 05-12-2009 03:19 PM
Quote:
Originally Posted by Sly (Post 15844678)
It shouldn't... one of the primary purposes of having a corporation is to create a separate entity, breaking liability between personal and corporate and also corporate and personal. Very odd.

If you run any business at all and make any kind of money, you should have a corporation.
i dont know their situation, but its not uncommon for a bank or a vendor to make the corp officer/s sign a personal guarantee with regard to corp debt ...

Barefootsies 05-12-2009 03:20 PM
Quote:
Originally Posted by sharphead (Post 15844212)
I guess being a stand up guy doesn't gaurantee you a solid business plan...

Learn something new every day I guess!
:1orglaugh:1orglaugh:1orglaugh:1orglaugh

NikKay 05-13-2009 06:03 AM
Can anyone actually confirm this? I'm not seeing it anywhere else except in this thread referencing a poorly written email.

Brad Mitchell 05-13-2009 06:20 AM
Quote:
Originally Posted by DrinkingHARDEST (Post 15844145)
Very sad news, Tony and Scott are fantastic guys and were always a pleasure to deal with.
Agreed. Best of luck to Tony and Scott, I know that they tried their best and am sorry to hear that things can't be figured out.

Brad

Exo-Geoffrey 05-13-2009 06:50 AM
Hard time. I wish them the best in the future.

MrHits 05-13-2009 07:57 AM
This is unfortunate. RIP.

X Industry Jobs 05-13-2009 09:34 AM
Tony and Scott are very upstanding guys, i am sure they will land on their feet with whatever they decide to do in the fututre :2 cents:

TheStout 05-13-2009 09:37 AM
http://www.xbiz.com/news/news_piece....&q=trafficdude

TheSenator 05-13-2009 09:39 AM
http://www.trafficdude.com/ their site is still up...

Poppy 05-13-2009 10:42 AM
Sad sad news. Scott was one of my first mentors when I worked at Websidestory.

mvee 05-13-2009 10:53 AM
Another causality of the economy or porn market contraction?

Either way good luck Scott.

BSleazy 05-13-2009 03:29 PM
I thought they were going strong with their new partnerships and everything earlier this year.

Due 05-13-2009 04:01 PM
Quote:
Originally Posted by ravo (Post 15844306)
Wow, this is big news! :(

But, maybe I don't understand the backruptcy process, but how does a personal bankruptcy affect the business? Unless, of course, it wasn't incorporated... (which doesn't sound like a smart thing).
If you have personal debt your creditors can force you to liquidate anything of value to pay your debt, that can include shares in a company.

A corporation protect the owner against bad debt but it doesn't protect the company from the owner :2 cents:

After Shock Media 05-13-2009 04:16 PM
Quote:
Originally Posted by SBR Richard (Post 15845037)
a lawyer using a gmail account?
Why would that be strange? It is just a damn email address. Was not that long ago that I had to deal with a "professional" that had an AOL address, then again I have dealt with many people who had hotmail and all sorts of other email addresses.

BoobleBob 05-13-2009 08:31 PM
Thats too bad. We have always had good dealings with Scott and crew, he is good person. Best wishes to all of them...

Major (Tom) 05-13-2009 10:18 PM
They sent out an email to their users that didnt sound too promising about 2 months ago. I just pulled my shit there and then. Sucked because they were good.
Duke

LeslieSharp 05-13-2009 11:12 PM
I am so sorry to read this post. Love Scott, Tony and the entire crew over there.

Best of luck with future endeavors and stay in touch.

Leslie


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