What does it mean when the owner of the company says “our credit line has run out”?

Question

She said now they’re having things appraised. Is this a bad sign?

In: Other

Answer 1

> now they’re having things appraised

This is equivelent to receiving your pinkslip this coming Friday. You’re possibly also not gonna get your next paycheck let alone any severance. You’ll totally qualify for unemployment, though.