Word: mcmiller
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Dates: during 1980-1989
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...June of 1980, Lessie McMiller took a $44,000 second mortgage on his Oakland, Calif., home to buy the La Rue restaurant in Emeryville, Calif., and go into business for himself. Yet no sooner did he open his doors than the Bay Area restaurant business began to dry up. For a while, Me Miller's suppliers delayed payments on his monthly food and laundry bills, but then they began demanding cash on delivery. As his debts grew-eventually to more than $4,000 per month in payments-McMiller tried to borrow his way out of trouble, but no bank...
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