Audio Research filing for bankruptcy?


I just heard Audio Research might be filing for bankruptcy. This is a shock to me. I just called them a few days ago to have my Ref 6 upgraded to a Ref 6SE. I will also be the new owner of the Ref 750s. I was just wondering if they did go bankrupt what would all those millions of owners do about servicing their equipment. Should I be concerned? I’m alittle worried now. 

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Showing 2 responses by jbhiller

Will ARC warranties be discharged in a Chapter 11 Bankruptcy?  If so, my thought that buying super well made Chi-Fi products only came with the risk that warranties wouldn't be honored could apply to ARC or other American blue bloods.  Oh my.  

I'm not suggesting this is happening with certainty. But if it does, it will certainly make me think twice about purchasing 5-figure products.  

 

Whoops, my big mistake--this is not Chapter 7 or Chapter 11 but receivership.  

But with a list of creditors like that attached to the filing, Bankruptcy could be imminent.  

What a sad moment in hifi.