Gena owns genarsquos gourmet pasta she sold her pasta only, Ask an Expert

Management Studies

Gena owns Gena’s Gourmet Pasta. She sold her pasta only in New Jersey. It was a success and the company expanded throughout the Northeast. During expansion Gena borrowed $350,000 from First Fidelity Bank. Because Gena was a new company, First Fidelity required that a third party also guarantee the loan. Gena’s friend, Marvin, guaranteed her loan. Everything looked good at Gena’s Gourmet Pasta until Larry’s Linguine opened. Larry was a hard competitor and soon Gena was losing business. The sales reduction meant Gena had a hard time making her payments to First Fidelity. After six months, Gena defaulted on her loan. Unable to meet her bills, Gena called it quits in September 2008 failing to make additional payments to First Fidelity. a.) Fully discuss First Fidelity’s options for collecting the debt. b.) Gena is considering filing for bankruptcy. Discuss her options. c.) How would you advise Marvin?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92590638

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 describe the process by which organizations develop their

1. Describe the process by which organizations develop their information systems. - Minimum 200 words 2. Explain in your own words how you would go about developing a behaviorally anchored rating scale. 3. What are your ...

1 if you were assigned to draft a news release to accompany

1. If you were assigned to draft a news release to accompany Sludge to the Blackrock City Council meeting on April 11, which items would you use in your lead (i.e., who, what, why, where, when, how)? 2. If lead time for ...

1 lanier a top level manager prefers to with others to find

1. Lanier, a top level manager, prefers to with others to find a solution rather than tell them what to do 2. What are the five reasons given by suppliers for their reluctance to enter into JIT systems? 3. What are the f ...

1 an intermediate outcomes that defines what improvements

1. An intermediate outcomes that defines what improvements in health and satisfaction where produced by a health service 2. Which of the following is not a traditional consumer touchpoint in the IMC campaign? 3. What are ...

Assignment prompt part 1assignment objective to

ASSIGNMENT PROMPT : Part 1 Assignment Objective: to understand various methods of ideation beyond the standard brainstorming process and to practice one process within a group to develop a list of ideas to solve an organ ...

Assignmentarizona state university began implementing

Assignment Arizona State University began implementing dashboards in 2006 once it realized that most staff members found the university's self-service reporting system too difficult to use. The goal was to convert the mo ...

In 2004 real estate broker richard davis called an aampe

In 2004, real estate broker Richard Davis called an A&E television executive about partnering on a new reality show called Flip This House. Davis said he would undertake the financial risks of purchasing and later resell ...

Business lawsheldon cooper was attending a book signing by

Business Law Sheldon Cooper was attending a book signing by his evil nemesis Wil Wheaton at the Comic Center of Pasadena (CCP) when he slipped on a puddle of lemonade created by a defective juice box being slurped by one ...

1 what were the major ideological concerns of the artist of

1. What were the major ideological concerns of the artist of the black art movement? To what extent did Baldwin in Amir have similar views about art contest this in politics? 2. What are some of the reasons Medicaid mana ...

The statute or law provides four factors to determine if a

The statute or law provides four factors to determine if a particular work is a "fair use". They include the following: The purpose and character of the use The nature of the copyrighted work The amount and substantialit ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert