Outwrite owes more than $500,000 to creditors, bankruptcy filing shows The GA Voice Editors January 27, 2012 Atlanta In an interview Jan 26 at the store, Rafshoon mentioned if Outwrite raised “a half million” it likely would have been saved. Rafshoon paid a $1,000 fee to Atlanta bankruptcy attorney Keith Eady on Oct. 13 and another fee of $6,694 to Eady on Nov. 30, as well as a $306 court cost fee. According to the bankruptcy filing, Outwrite owes $39,773 in unpaid rent to Jodaco Inc., the owner of the property. Outwrite is disputing the claim. On Jan. 10, Jodaco filed a lawsuit of eviction in Fulton State Court. The store had $298.54 in its checking count as of Jan. 26, according to the filing. The filing listed Outwrite’s remaining assets as its website domain name, www.outwritebooks.com, valued at $20,000; some $3,000 in office equipment; $2,000 in business fixtures and supplies; and $47,000 in inventory, including $30,000 in books. Outwrite states in the documents that it lost $43,207 in 2009, lost $98,571 in 2010, lost $10,000 in 2011 but made a $5,000 profit in 2012. Bankruptcy documents lists Outwrite employees as owed $0, and lists multiple other creditors in a variety of amounts, including $690 owed to GA Voice for advertising. Outwrite also owes taxes to the city of Atlanta totaling $1,763.16 and to Fulton County totaling $3,000. SHARE ON Leave a Reply Cancel Reply Your email address will not be published. Name* Email* Website eight × = 24 Comment Notify me of follow-up comments by email. Notify me of new posts by email.