Anyone catch what's goin' on at Tweeter?..deals?


Is anyone keeping track of what's happening in the Tweeter Bankruptcy/Liquidation situation?
I think it's noteworthy, as an audio/video electronics shopper and former retail av guy myself, that it all can and likely will happen in retail eventually! Apperently you've got employees and paying customers alike, whom Tweeter owed money and or merchandise, that's locked in limbo in the situation! That's gotta blow!
Anyway, maybe there will be a deal or two to be had if they open their doors to blow out some merchandise (we'll see if the liquidation deals(?) are anything to write home about, like they were when Comp USA closed stores). Also, wonder if Circuit will have any scavenger specials here soon?

http://www.cepro.com/article/what_tweeter_still_owes_employees/K293
iplaynaked
Tweeter's going out of business. I think they originally planned to file bankruptcy and reorganize, but I saw a news article yesterday that said they were closing for good. I went to my local Hi-Fi Buys (a tweeter company) a couple of weeks ago and they had already been scavanged of everything good. My local Circuit City's are also closing and I managed to get a Squeezebox Duet there for 40% off. Looks like tough times for the big box stores.
Tweeter was under Chapter 11 bankruptcy (re-organization) and then overnight they shifted to Chapter 7 (liquidation) and requested that all employees, warranty holders, customers w deposits, etc be put in line w all other unsecured creditors, which in practical terms means they will get diddly-squat. Some state AGs are opposing that move and it remains to be seen what will eventually happen. If they bring a liquidator in, its unlikely that there will be any "real deals", IME.
The Tweeter stores in Boston and the one in R.I. closed their doors five days ahead of schedule and they still had plenty of stock on the floor.
A guy I know bought a Martin Logan center for like $600 which was almost like giving it away.
Tweeter bought up United Audio in Chicago a few yrs. ago and run it into the ground, great. United Audio was a Chicago institution since I was a kid back in the 70's.