Apparently Parlee fed for Chapter 11 (bankruptcy) on the 6th Feb in the US
Sad as they did have some good offerings
Parlee in Chapter 11
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MichaelB
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blizzard
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MichaelB
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Re: Parlee in Chapter 11
Yep, but whether it lasts is another ?
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trailgumby
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Re: Parlee in Chapter 11
Chapter 11 Bankruptcy is - as I understand it - more like what is called here a "scheme of arrangement" to trade out of difficulties and avoid bankruptcy by negotiating formal agreements with creditors.
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Mr Purple
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Re: Parlee in Chapter 11
Exactly. Though it is a bit of a warning not to pre-order anything or to expect a warranty.trailgumby wrote: ↑Mon Feb 20, 2023 4:16 pmChapter 11 Bankruptcy is - as I understand it - more like what is called here a "scheme of arrangement" to trade out of difficulties and avoid bankruptcy by negotiating formal agreements with creditors.
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trailgumby
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Re: Parlee in Chapter 11
Mr Purple wrote: ↑Mon Feb 27, 2023 5:34 pmExactly. Though it is a bit of a warning not to pre-order anything or to expect a warranty.trailgumby wrote: ↑Mon Feb 20, 2023 4:16 pmChapter 11 Bankruptcy is - as I understand it - more like what is called here a "scheme of arrangement" to trade out of difficulties and avoid bankruptcy by negotiating formal agreements with creditors.
Yup, you'll be lining up with all the other creditors. But could be a good time to wangle a discount.
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