Didn't read the fine print in a contract-now getting sued
I signed a contract over 9 months ago to reserve a banquet room at a very well known reputable hotel and was told verbally by the banquet manager that if I cancelled I would lose the 500 deposit. 1 week ago I received a bill for $5000 stating it was in the contract that if cancelled, I would be responsible for entire charge of 150 people $34 per person which is over 5000! This was very very fine print, and I have to admit I signed without reading since the woman working me was so friendly and told me what was "basically" in the contract. I know this was stupid on my part, but I am very young and naïve, and I trusted her word. Is there a way I can get out of this $5000 bill? I don't have a penny to my name, let alone $5000. The company recently changed ownership if that matters.