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Wednesday, April 17, 2013

Creative Memories Files Bankruptcy

Hi Everyone,

Creative Memories filed for chapter 11 bankruptcy yesterday. They are looking at this as a chance to restructure and refocus on our mission - which has always been helping people preserve their memories. It is a mission I truly believe in and feel blessed to be a part of.

As the company works through this I expect to see our product line trimmed down and because of this I would suggest ordering any products you have your eye on now instead of waiting.

I am hopeful that CM can emerge from this stronger & better than ever. Still, you may want to consider using any product credits or Rewards Club credit sooner rather than later - just to be on the safe side. If you are ordering off my CM website I would suggest using a credit card vs. a debit card. Other than that I am hoping that it's business as usual. All of my scheduled events are still on and I hope to continue helping others preserve their memories for many years to come.

I am not one to push sales but if there has ever been a time to do so, it's now. So, I'm encouraging you to go shopping - if you're in need of a special gift (for someone else or yourself) please let me know.

I love being a Creative Memories Consultant for so many reasons - including the wonderful people it has brought into my life (including you! :) I'm here to help!

Lisa

Update 4/20:  The next hearing date is May 9th.  I’m placing orders until the 6th and don’t plan on ordering until I learn of the outcome of that hearing – hoping that all goes well and it will be back to business.  I’ll update as soon as I know something. 

Lisa

4 comments:

  1. Hi Lisa: I read about this and I'm sorry to hear but sometimes it can be a smart move to trim down expenses and possibly emerge stronger. But it's never fun during these times for sure. Best wishes to you!

    Janette

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  2. Just wanted to let you know its hard to read your blog because of the poka dot background!

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  3. my husband is following this bankruptcy. He just told me the consultants and others on the creditors committee were paid $20,000 each for two months on the committee. he works with other bankruptcies and say this is outrageous for a company of creative memories size.

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  4. What is now the status of the Chapter 11 Bankruptcy that you filed? Filing a bankruptcy is one of the biggest challenges that a business could face. I hope your business will be able to recover and get back on track after this. Good luck on this journey!
    Jaden Allred @ Irving Burton

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