 The ownership group soon saw its line of credit revoked by way of Chase Bank's acquisition of Detroit-based Bank One, and mounting losses, made worse by the terrorist attacks of 9/11/2001 and the mysterious blackouts of August, 2003 forced the senior leadership team into panic mode as they teetered on the brink of insolvency.Artrip moved to negotiate a partnership with a financier to back continued operations, but in December 2003 it was determined that there was no way forward.After intense deliberation, and an unwillingness to restructure the embattled company, Artrip and Belsky announced their intent to close the last twenty-nine stores in late 2003, citing poor financial performance.