Wedding Studio Bankruptcy Woes

5000 $ enourmos sums and they still go bankrupt?

Yes I am sure there is someone who could explain these costs reasonably but I can't imagine right now what kind of service they were offering.
 
edit - reading more closely... A nearly half million dollar tax lien... how the hell does that happen on a photo studio?

I mean, without gross negligence and stupidity involved anyway... I'm still assuming the best here.
 
Spider67 said:
5000 $ enourmos sums and they still go bankrupt?

Yes I am sure there is someone who could explain these costs reasonably but I can't imagine right now what kind of service they were offering.
Click to expand...

I lived in that area several years ago and people send plenty of money on all aspects of weddings.

Photographers not being paid would kind of explain why no images are being released. I knew a fellow who did weddings in that area (as an Independent). Too bad people didn't go with a local independent photographer.
 
As far as tax problems go: Assuming no malfeasance, they probably just didn't set aside the money to pay taxes. When the bill came due, there was none to pay with. As far as the cost: It was a combination photo/video package, so $5700 doesn't seem too outrageous for North Jersey.

/T
 
Good wedding photographers are expensive in the Northeast, as well as many other areas. To get a tax bill that big, well, I wouldn't want to guess...
 
We got married back in 1985 and had a local studio do it...a few years later he decided to close his studio and at that time sent letters to customers asking if they would like to buy the negs...I jumped on it...we now own all shots taken and can do whatever we want with them...
These people back east can just click a few buttons and these memories are gone...
What this company did was a clever scam job...they knew of their money problems and continued pulling in more cash to put in their pockets instead of putting out fires...they deserve to spend a few years in prison to think about it...and that's my two cents...
 
I think the US Revenue Agency will be on this they will expect their taxes to be recaptured. Doesn't look good for the Celebration Studios agency owner Mr. Marc S. Schwartz.
 
I'm not saying it's what happened in this case, but wow, wedding photography would be a fabulous idea for a swindle!

Most people I know tried to arrange everything for their weddings 6 months to a year in advance, sometimes more, and apparently many people are willing to pay up front in return for a discount.

Also, most people don't expect a wedding photographer to have an expensive place of business. Probably all you'd need to convince people you were legit would be some letterheads and business cards (inexpensive) and an impressive website, which you could populate with content stolen from legitimate wedding photographers' websites.

So if you set up a con-job "wedding photography" business and didn't accept any bookings for less than 6 months in advance, you'd have that whole six months to rake in payments before you had to perform ANY services! Then you'd simply disappear with the money.

If you were able to con, say, 500 couples at $3,000 per wedding, you could clear one and a half million dollars, less a few trivial expenses. Then you'd just set up shop in another part of the country and start the scam again.

Wow, good thing I'm an honest guy...
 
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