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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 onhwy61

onhwy61's avatar
onhwy61
5,139 posts
 

"millions of onwers"?

If I owned ARC equipment I would be concerned, not about repairs or service, but about resale value.  Although I definitely would not send equipment to the factory for an upgrade until this is sorted out.

onhwy61's avatar
onhwy61
5,139 posts
 

You don't send your equipment to them because you don't know what is going to happen.  It's not likely, but they could just cease all operations and close.  Your equipment sits on a shelf and you are in a line of creditors asking for what you are owed.  It's not likely, but it really could happen.  Why risk it?

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