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While I have no idea of specifics, 90K missing plus 100K in debt to several places, including to the paper’s printer, might be the real issue. The debt stretches back months, and it's possible companies were threatening to stop doing business with the paper. If the printer cuts you off, you can't print the paper that would make up lost revenue. And it's going to be hard to get financing for a new printer when you have outstanding unpaid debt.
I feel like many of those vendors would be willing to setup payment plans or forgive some of the debt outright if the lapsed can prove they were victims of embezzlement (theft) and criminal negligence (not paying the bills of the company as the one responsible for such)
I’m sure many of my vendors would work with me, several of them I approve paying this entire debt amount to them monthly.