Proof to Product Special Edition | Paper Source Files for Bankruptcy
I wanted to share this quick, informational episode on the recent announcement from Paper Source about them filing for bankruptcy on March 2, 2021.
In the last few weeks, members of our community have shipped hundreds of thousands of dollars worth of products to Paper Source. Paper Source placed large orders ($9K, $15K, etc) from small independent businesses and in many cases asked companies to move up their ship dates (send them sooner). With the recent news, this is a huge hit to independent brands who now don’t know if they will get paid.
I’m not an attorney nor do I have experience with bankruptcy in a B2B setting but in this episode, I am sharing some thoughts and advice I have for those affected by this news.
Keep an eye on the show notes from today’s episode and my Instagram feed @prooftoproduct. I’ll share additional resources & information as they become available on the website at https://www.prooftoproduct.com/podcast-episodes/paper-source-bankruptcy
ON TODAY’S EPISODE:
- Advice for small business owners affected by Paper Source filing for bankruptcy
RESOURCES: