word on Barnett is......
02-05-2007, 03:29 PM
#1
Thread Starter
Join Date: Jan 2007
Location:
Posts: 246
word on Barnett is......
i tried to order some strings for my new quad 400(god i love saying that), on ebay, well the dealer sent me a reply saying he was out of them, but there on back order, and he asked me how soon i need it it, i said well i just wanted a back up, because i heard the company went bankrupt. well he sent me a reply back , saying yes they did go bankrupt.....BUT A BANK BOUGHT THEM, AND THEY ARE KEEPING THE SAME NAME.so imma guess they are restructuring ...........and this is my news as of today
02-06-2007, 06:57 AM
#5
Typical Buck
Join Date: Dec 2006
Location: Canning, Ontario. Canada
Posts: 974
RE: word on Barnett is......
I don't get he bank bought it.. Banks typically don't buy failing businesses and business that aren't failing don't often sell to banks..
This doesn't sound like good news to me..
This doesn't sound like good news to me..
02-06-2007, 07:56 AM
#6
Join Date: Oct 2005
Location: Findlay, Ohio
Posts: 3,286
RE: word on Barnett is......
Might not have the right name for it but sounds like they are doing one of them chapter 4 or 11 bankruptcies, when you are broke, but negotiate with a judge to let you get out of debt and still keep your business. Don't know the number but theres one for it.
02-06-2007, 08:54 AM
#7
Typical Buck
Join Date: Dec 2006
Location: Canning, Ontario. Canada
Posts: 974
RE: word on Barnett is......
That would be Chapter 11, I hope this works out for you Barnett owners.. If it is a chapter 11 thyan one of two thing is going to happen, they will rpovide world class service to restore business or scheme their way out of it.. I would suspect that a company of that size would try to restore their name.
02-06-2007, 11:17 AM
#10
Dominant Buck
Join Date: Feb 2005
Location: WC FL
Posts: 26,323
RE: word on Barnett is......
ORIGINAL: txhoghunter
GUYS THATS JUST WHAT THE DEALER TOLD ME, SO IM ASSUMING HE KNOWS MORE ABOUT IT THAN ME,...BUT HE DID SAY THEY ARE KEEPING THE NAME, "BARNETT"
GUYS THATS JUST WHAT THE DEALER TOLD ME, SO IM ASSUMING HE KNOWS MORE ABOUT IT THAN ME,...BUT HE DID SAY THEY ARE KEEPING THE NAME, "BARNETT"
