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Mr. Tedeschi's wife said the family stopped drawing salaries more than a year ago to make payroll for the remaining workers.
"In the beginning we didn't make payroll for five months, and by Year 19 we were one or two weeks off payroll," Ms. Packer said.
For almost the first 20 years in the life of Shakespeare & Company she could not make payroll for the entire year, for instance — a prospect that is again unnerving her.
This particular week I have some cushion in my accounts, but I've lived through many periods where knowing whether $9,000 had arrived or not would make all the difference in the world — if I were trying to make payroll, for instance, or trying to make sure that critical materials shipped, or trying to avoid penalty payments on a credit card.
"It's a lot harder to make payroll for a staff of 90 with the FEC limit of $2,700 per person, as opposed to Super Pacs where the big cheques are for a million dollars or more," says Matt Batzel, a Wisconsin strategist who helped Walker win his recall election.
Mr. Hebberoy, who three months earlier had been the subject of an eight-page article in Food & Wine magazine that called him a "food provocateur," told equity investors he could no longer make payroll for a company that had grown to 95 employees.
Similar(50)
I missed making payroll for the first time just before Christmas 1988.
One day, I told the employees that making payroll for the week was going to take a miracle.
I have been making payroll for 25 years, and in all of that time I have never bounced a payroll check and have been late only once, in 2008, when I was waiting for a client's check to clear.
Tucker poured nearly every penny she had into making payroll for a while.
The hospital had been set to declare bankruptcy the first week of February, but a total of about $20 million in emergency loans from the state and the hospital's main creditors, GE Capital and TD Bank, helped give it a few more weeks to make payroll and search for a partner.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com