“They could have moved the store and reopened under another name....instead they closed it altogether. Maybe should have gone to the bank sooner. After all it is still a loan they took out and the money is owed if they spent it.”
The devil is in the details .. er .. the details are in the article.
I read it...but it doesn’t give enough details to understand why the bank determined to file against them....generally done when payments are not met...but in this case closing a business is certainly a red light from a banks perspective.