Audio Research filing for bankruptcy?

decooney

It will be interesting to see if there is a way for some entity to step up and help carry this forward and not let ARC products get lost. My only interest here is simply seeing American made home audio room products survive and stick around a while longer ...

Same here. I wish ARC and all who work there the best. I'd feel that way if I didn't own ARC gear.

decooney

I just read some notes where ARC was looking for someone to invest capital to keep them afloat and out of default with the local MN bank.

The filings suggest that the major creditor has waived claims against ARC and that its claims are confined to Trent Suggs and a private company (not ARC) that he owns.

jbl-4345

I heard mcintosh bought audio research

That’s not possible. The matter is before Minnesota Judicial Branch/Hennepin County and any transaction will require court approval. That will be contingent, in part, on creditors not objecting. There have been extensive filings in this matter (all online, you can read them for yourself) and there’s no reference anywhere to any source of financing yet. That’s the problem.

Perhaps Mac has an interest in joining up with ARC again. But there’s no way it’s a done deal.

This is encouraging news. The company should absolutely get a statement up on its website and be transparent.

It's true. ARC filed for receivership on April 3 and a court hearing has been set for May 17.