Onkyo has filed for bankruptcy

@jjss49 Just the folks that depended on this company to earn a living.

bud, give me a break... you don’t seem to understand what bankruptcy filing is... (and that sharp japan bought the remains of onkyo)...

furthermore, part of life is knowing who to hook your wagon to... after years of declining sales, failure of products, losses, anyone surprised and left hanging by this b-k filing is fully deserving of the outcome... it's not like writing hasn’t been on the wall for eons

who cares... been decades since onkyo has been relevant

@mahler123

You know jj49, sometimes people just can’t switch jobs like other people change socks. Day Care arrangements may limit some. Others may be approaching retirement age and not exactly look like the belle of the ball on a resume. They may have elderly parents or sick children that limit their mobility., if not their own medical issues as well. Sometimes you gamble that you can ride the sinking ship until it hits your destination out of necessity.

getting a lil off topic, but yes i agree

my point is onkyo’s poor business performance has been apparent for some time (many many years), people with limitations or difficulties w.r.t. alternative employment have had plenty of heads up on what’s coming sooner or later ... furthermore -- and as you rightfully say, riding what one knows to be a sinking ship is taking a risk in its own right ... in life we all make difficult decisions, dig deep, do the hard things for a better tomorrow, make tough transitions... some handle it better than others

in my life i have had both aging parents and sick children... and i have dealt with many bankruptcy situations big and small... the motivations of such a legal filing for protection against creditors are manifold, to put it mildly

so i will restate... op posts: onkyo goes b-k... well as a hifi enthusiast, i personally couldn’t care less (no doubt others may care more...)