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03-19-2019, 07:34 PM | #21 |
Senior Member
Join Date: Sep 2018
Location: Yorkville Indiana
Posts: 396
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Re: Lebaron Bonney Bankruptcy
I’ve seen this coming.
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03-19-2019, 09:04 PM | #22 |
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Join Date: Nov 2012
Location: Wichita KS
Posts: 16,132
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Re: Lebaron Bonney Bankruptcy
They are going to keep doing business until the day and time the doors are closed, that's basically what closing the doors means.
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03-19-2019, 09:16 PM | #23 |
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Join Date: May 2010
Location: Dewinton, Alberta, Canada
Posts: 463
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Re: Lebaron Bonney Bankruptcy
Well there goes my order for side curtains for my 34 roadster...
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03-19-2019, 09:29 PM | #24 |
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Join Date: May 2010
Location: MN
Posts: 7,063
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Re: Lebaron Bonney Bankruptcy
Its a street/rat rod world, we are just living in it. Sorry to hear it. Maybe someone will pick up the pieces.
Think they could just sell patterns for sometime and not have a lot of overhead. . Last edited by Tinker; 03-19-2019 at 09:37 PM. |
03-19-2019, 09:52 PM | #25 | |
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Join Date: May 2010
Location: Manawatu, New Zealand
Posts: 1,416
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Re: Lebaron Bonney Bankruptcy
Quote:
Is there any way that an individual or organisation could get hold of the patterns. Karl
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03-19-2019, 10:18 PM | #26 |
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Join Date: Aug 2016
Location: Hamburg, NY
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Re: Lebaron Bonney Bankruptcy
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A Chapter 7 corporate bankruptcy is a federal court-sanctioned and supervised procedure in which a court-appointed trustee takes over the corporation’s finances and debts. In this type of bankruptcy, the trustee liquidates, or sells, the corporation’s assets and distributes the proceeds to the corporation’s creditors. |
03-19-2019, 11:18 PM | #27 |
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Join Date: May 2010
Location: charlottesville, Va.
Posts: 589
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Re: Lebaron Bonney Bankruptcy
Bottom line is they are not selling the kits they once were to stay in business . They had a good run but with the muscle cars , hot rods , and street rods so strong now there are very few people wanting these kits compare to years ago . Things are changing as the young ones step up .
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03-19-2019, 11:23 PM | #28 |
Senior Member
Join Date: May 2010
Location: MN
Posts: 7,063
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Re: Lebaron Bonney Bankruptcy
It's like guys that build a flathead only if it's to the extreme. Hardly any one asks how to do a .010 over engine. Hang on to your original fords I'm thinking, enjoy it.... You can always put a ls in.
. Last edited by Tinker; 03-19-2019 at 11:42 PM. |
03-20-2019, 04:50 AM | #29 |
Senior Member
Join Date: Feb 2016
Location: Plymouth, MA
Posts: 207
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Re: Lebaron Bonney Bankruptcy
Damn shame. Maybe somebody will pick it up out of bankruptcy and breath new life into it. Historical brand name that has lots of potential. Here's hoping that's what happens!
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03-20-2019, 07:36 AM | #30 |
Junior Member
Join Date: Mar 2019
Location: Amesbury, Ma
Posts: 10
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Re: Lebaron Bonney Bankruptcy
Guy all Gals, I am David. I’ve worked there 5 years. They are done. All Hampton Coach( Chevy portion of LBB) and Lebaron Bonney Orig Interiors
Ford 1928-54, and Chev, 1922-1954 is done. all Employees got last pay check. This is very fresh, so you may not yet find in court records, but they are done. If you would like to speak to me, message me with your number. I am David. |
03-20-2019, 07:41 AM | #31 |
Junior Member
Join Date: Mar 2019
Location: Amesbury, Ma
Posts: 10
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Re: Lebaron Bonney Bankruptcy
Closed, means closed. Trust me, they are done
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03-20-2019, 08:23 AM | #32 |
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Join Date: May 2010
Location: Montgomery, NY & Port St. Lucie Florida
Posts: 939
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Re: Lebaron Bonney Bankruptcy
Maudslay
Can you give us any insight as to what really happened ?
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03-20-2019, 08:31 AM | #33 |
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Join Date: May 2010
Location: Camrose, Alberta
Posts: 396
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Re: Lebaron Bonney Bankruptcy
Maudslay, with five years experience, and a lot of assets that will go for 5 or 10 cents on the dollar, and a ton of very valuable stuff that will wind up in dumpsters, then landfills, is there a business opportunity staring you in the face? You don't need a grandiose place for this operation. Probably one thousand square feet of rented industrial space, electricity, lights and talent. Start small, never waver on promises made, never compromise on quality and don't over promise and under deliver.
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03-20-2019, 08:52 AM | #34 |
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Join Date: Dec 2014
Location: Columbus, IN
Posts: 1,409
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Re: Lebaron Bonney Bankruptcy
It is good to hear the employees at least got paid. It is sad to hear of the closing. Maybe by the time I am ready for that part of my car there will be another resource.
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03-20-2019, 09:41 AM | #35 |
Senior Member
Join Date: May 2010
Location: Coral Springs FL
Posts: 10,996
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Re: Lebaron Bonney Bankruptcy
LB closing is a great loss to the car hobby. So sad.
Will this trade go the way of the blacksmith, eventually? |
03-20-2019, 09:43 AM | #36 |
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Join Date: Jun 2010
Location: San Antonio, Texas
Posts: 16,483
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Re: Lebaron Bonney Bankruptcy
Their assets will go up for auction eventually and will sell to the highest bidder. Whether someone buys it and turns it around or the assets get repurposed in another market remains to be seen. We can only hope for the former.
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03-20-2019, 09:49 AM | #37 |
Junior Member
Join Date: May 2018
Posts: 3
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Re: Lebaron Bonney Bankruptcy
Lebaron Bonney has filed Bankruptcy!
I Have 4 seats at Lebarron Bonnie, how do I get them back? No one will answer the phone. Anyone know who or how to contact them? Jeff |
03-20-2019, 10:58 AM | #38 |
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Join Date: Oct 2011
Location: Shelton, WA
Posts: 3,808
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Re: Lebaron Bonney Bankruptcy
porrj- your best bet to find out would be to PM Maudslay.
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03-20-2019, 11:19 AM | #39 |
Member Emeritus
Join Date: Nov 2012
Location: Wichita KS
Posts: 16,132
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Re: Lebaron Bonney Bankruptcy
You may be out of luck, all property on the premises is most likely considered part of their assets and controlled by the courts. Might have to find out who is holding the property or handling the bankruptcy and file a claim.
Last edited by JSeery; 03-20-2019 at 11:29 AM. |
03-20-2019, 12:01 PM | #40 |
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Join Date: May 2010
Location: Napa,California
Posts: 6,058
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Re: Lebaron Bonney Bankruptcy
Once the bankruptcy court takes over, all assets(buildings, what is inside the buildings, bank accounts, etc.) become property of the bankruptcy court. As JSeery says you may have to file a claim for your seats. Unfortunately these type of problems can be a long drawn out process. If they had filed a Chapter 11 rather than 7 that would mean they were reorganizing to stay in business. Chapter 7 means they are DONE. You will have to have proof of some type that they have your seats in order to file a claim. If you have nothing in writing you are probably up the creek.
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