For sure! I am just waiting to hear from the first person that drives there in person to see what is happening
Showing 5 responses by piebaldpython
@jkhallpa57 There might be a lot of people scrambling to get their items back if they do go bankrupt. It's not as if they will just send everything back to everyone. Lots of road trips! A company that goes bankrupt doesn't care about anything that will not legally affect them after they walk away so a pile of items in for repair is just stock for the bankruptcy official to start the auction if that is the way this goes. I'm sure the official will give notice to anyone that has items in for repair to come get them, they are not there to hurt people. |
Krell’s name is still worth a few dollars so I would be inclined to believe them when they say they will re-open and keep trying. Ripe for a takeover and flip to consumer gear like Luxman did in the late 80’s. That turned out a huge amount of profit then bust in no time. I do however know most businesses I have had experience with don’t recover from something like this, it’s only a death roll |
If they do go belly up hopefully, if they are not already available readily, they give up all the intellectual property like schematics and so on so every stand a good chance of fixing everything up down the road. I'm sure that is worth money so maybe a new, large scale repair facility pops up afterward owned by a previous employee(s) |