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. 

128x128Ag insider logo xs@2xtattooedtrackman

The name has value, so it will continue, but the company’s value to those on this board is up in the air.

It'll be dangerous to send anything to ARC right now. Perhaps the price Increase from last year over 40% for the ref6 upgrade is to garnish more funds while they knew all along this was their path. They should've cut prices if there not paying there creditors.
Id be a bit suspicious  @tattooedtrackman  they told you we have a guy who only does these and it's a fast 14 day turnaround, send it in we get right on it! Yeah ok. 

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?

If they had sold millions, then they would not be in this position

IMHO as a 50 year hi-end audio junkie: this is just the tip of the iceberg, especially for uber expensive kit. Renting an apartment (or buying) in many popular cites is so out of reach for the 99% that even IF they were predisposed to hi-end kit, they cannot afford it: an 700 sft efficiency near downtown Ft Lauderdale is $1700-$3000/mo! And then cars are absurdly priced as is car insurance, etc, etc

Combine those issues with significantly better kit (compared to days of old) at <1/10 the price of the uber expensive kit and... well... RIP

I wouldn't send gear out there right now.    A judge could padlock the building and you will never see it.   Chances are thats not going to happen but......

@onhwy61 Why do u say that about not sending in for an upgrade until this gets sorted out ? I already made the appointment and got my RA number. What do u think would could happen?

"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.

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

Here is the newest news:

https://www.whatsbestforum.com/threads/whither-audio-research.36751/

I was an ARC dealer for many years and have owned a lot of their gear.

Sad.  Hopefully they can be saved...