National Bankruptcy Day

By Kathleen Fasanella on Nov 21, 2008 at 3:16 pm

In the Wall Street Journal, Rick Woldenberg was quoted as describing February 10, 2009 as National Bankruptcy Day because that’s the day when many of us will go out of business due to the implementation of the CPSIA Regulations. I’m dismayed at how little it’s been discussed online and in the news. I’m shocked that so few manufacturers know about it. Of the ones that do know, most think it either doesn’t apply to them or it will magically disappear or it won’t be enforced so they can ignore it. Come February 10th, a lot of people will be hit hard by reality when their products are returned or their financing is declined.

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