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Old 11-14-2008, 08:38 AM
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Just got news that CM filed bankruptcy!! I can't believe it. I'm speechless right now...

For all of you CM consultants I'm so sorry to hear!!!

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Old 11-14-2008, 03:54 PM
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Doesn't look like they are going out of business though. They say that its not going to hurt business or their consultants in any way. I guess we'll see....
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Old 11-20-2008, 11:28 AM
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Can you please tell me where you heard this? I would like to know. I purchase all of my scrapbooking thems threw them. Thanks again for the heads up.
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Old 11-20-2008, 11:32 AM
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It's all over the internet!! Everywhere....and I know people as well. There's a thread over in Party Plans that has LOTS more info...go check that out.

http://www.wahm.com/forum/forum_posts.asp?TID=625046

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Old 12-16-2008, 02:45 PM
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I am a former CMC and I received a letter about this - it is true. It sounds like they are planning to "restructure" their debt and try to stay in business. As a former consultant, I can't say I am surprised. I loved the company - I just didn't make any money.
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Old 01-11-2009, 04:59 PM
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I am a current consultant with CM. It actually wasn't Creative Memories that filed, it was Antioch, a parent company.
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Old 01-14-2009, 08:38 AM
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There is some really, really good information about this situation at www.ScrapbookUpdate.com . They have been following the case (very professionally) and have the results from the hearings on their site.

Apparently the bankruptcy plan has been accepted by the courts but former employees are not happy about the stock payment plan...so it looks like that issue will be ongoing.

I am following this story because my SIL is a consultant and I use the products fairly regularly.
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Old 01-14-2009, 08:40 AM
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That's what I've been following as well. She's fantastic with the info....i'm still a little worried for consultants.
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Old 01-14-2009, 08:46 AM
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You're where I got that website. I thought the ladies over here might find it useful.
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Old 01-25-2009, 11:03 AM
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Was a former CM consultant, but however no worry it's not the CM line and they are restructuring and IS NOT effecting consultants. I still can say that no OTHER line can come close to the quality of CM. They are dropping the Custom Framing co. They tried to be everything to everyone. While we love it I don't used CM as my one stop shop.
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