"Since Dad had been ill for several years and had been unable to go to the business at all, it had floundered, and after the funeral I was presented with a very frank and unpleasant set of facts by my Dad’s close friend and attorney.
He said that there was no way, that at my age, I could pull the business out as it was hopelessly in debt and that an 18-year-old could never make it run. His suggestion was to get what I could out of business and file bankruptcy.
Even though I was then only 18, I told this very close friend of my father that I had no intention of letting the very first business decision of my young life be one to bankrupt and, if that was his frank and only suggestion, then he was fired as City Paper Co.’s and my attorney, as of that moment."
- Paul Friedman Sr.