Holley, Files Bankruptcy

[PeteLeathersac]

I guess 427King's Holley Extravaganza sale was too much competition for them?.

Seriously though, a sad day and end of an era...I sure hope few Mom & Pop shops get hurt by this..

Looks like they'll ride again under the new deal?.

~ Pete

[JRSully]

I am sure they will survive somehow, somebody will pluck them out of bankruptcy for a low price, Barry Grant.? wouldn't that be a hoot!

[VintageMusclecar]

Read post #12 in this thread.

I wouldn't get too worried just yet.

Eric

[YENKO DEUCE REGISTRY]

Reorg is far different from liquidation, they are two different chapters of the code. They aren't done, just owning up to reality - and forcing creditors to do the same.

[427king]

[ QUOTE ]
Seriously though, a sad day and end of an era...I sure hope few Mom & Pop shops get hurt by this..


[/ QUOTE ] I heard a rumor that Walmart was looking into taking them over.

[427TJ]

Holley's from China! Maybe the price will come way down now!

[427king]

What better way to create brisk sales than to put fear into people that the product may no longer be for sale...great marketing!!

[737Driver]

Holley should hire US Airways as consultants as they are experts when it comes to bankruptcy.

[Unreal]

Wow,They're going to pay their unsecured debts in full. Usually, the vendors are the LAST to get paid. (meaning, they don't get anything)

[Tommy]

Isn't this the same thing Kmart did a few years ago ? They just restructured and are still all over the place although most are called "Big Kmart" now.

Tommy