The company is declaring bankruptcy and will be bought by lenders if the court approves. DirectBuy CEO Mike Bornhorst said a new agreement with lenders “will enable us to fully capitalize on our innovative business model.” The company has declared bankruptcy but has an agreement with lenders to continue as a business.

Is DirectBuy legit?

(CN) – DirectBuy, a so-called member’s shopping club, uses high-pressure sales tactics to defraud consumers they sell memberships for as much as $5,700 apiece, the state attorney general says.

Who is the CEO of DirectBuy?

Michael Bornhorst serves as the CEO / President of DirectBuy. Dylan Astle serves as the Chief Operations Officer of DirectBuy of Portland. Dylan started at DirectBuy of Portland in