My reception venue went bankrupt!!!!

posted 3 years ago in Reception
Post # 3
1243 posts
Bumble bee

I know it is stressful but if the date you have listed is correct, you have well over a year to find somewhere else or for someone to reopen the venue under new management. One of the pitfalls of securing vendors well over a year in advance is that these things are more likely to happen. 

Post # 5
470 posts
Helper bee
  • Wedding: November 2014

@nearly-mrs-R:  hi date twin! 

Im sorry, this really sucks. I found a venue I adored which closed before we got a chance to even set a date, so I kinda know how it feels. I’m sure you’ll find somewhere amazing though! xo 

Post # 7
330 posts
Helper bee
  • Wedding: October 2012

That happened to me 5 months before my wedding last year; one of my bridesmaids read about the foreclosure sale in the newspaper!

We ended up calling every venue within 60 miles and we got very lucky; we found one super close to us that I initially nixed because it was too expensive (literally every other venue I called was already booked).  They were willing to cut a deal at the last minute to fill the date, and we got a MUCH nicer venue than our original, with a LOT more perks, for the same price per head within about twenty cents.

Just saying, this can work out for the best, and you’ve got time! Don’t let it stress you out too much!

Post # 8
11598 posts
Sugar Beekeeper
  • Wedding: November 1999

Aww bummer!  Is there any chance someone new is going to buy the venue so it can continue being used??  That happened to one of the big venues in my hometown when it went bankrupt.

Post # 9
287 posts
Helper bee

@nearly-mrs-R:  I can’t believe they didn’t even let you know! It’s a real shame that it’s happened, but luckily for you, you’ve got the time to find somewhere new.

Post # 10
5935 posts
Bee Keeper
  • Wedding: October 2013

I had something similar happen to me. My venue is family owned and they were having “issues”. Well a court ordered the family to liquidate their assets. The hotel was going up for bid and no one really new what would happen. Someone could have bought it and tear it down or someone could have bought it and kept it/restored it (it’s a historical hotel from 1929). I was in full on panic mode for a month or so. I even planned out an entire wedding with a rental company in case we needed to move it to my family’s farm. Well, a local guy (who owns a bunch of hotels in the area) bought it and it honoring all contracts and is restoring it. We lucked out because most of the other bidders planned to tear it down.

Someone might buy your venue and keep running it, but I would look for backups just to be safe

Post # 11
250 posts
Helper bee

@nearly-mrs-R:  date twins and I went to newcastle uni for 6 months 🙂 Here is the thing the space may be purchased by someone in time to book it for your wedding. I would say start searching but always contact them to see if someone has purchased the venue.  You may get lucky 🙂

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