Originally Posted by
flyu2there
Peter
Understand the logic however, the same can be applied to every motor home manufacturer and convertor out there. Big difference here is that CC had to present a plan that was viable to the lender and to every other creditor they have, then it has to be approved by the Court. Obviously someone with considerable more saavy than most of us on this forum, has agreed.
Makes no sense to obtain financing in hopes that someone will get a better price to piece the business out at some point in the future.
No doubt there will be some changes in CC but to speculate on whom, what and where is just that...speculation without one iota of information or fact.
Personally, I wish them the best! It troubles me to read, nearly every day now, how some company or organization has fallen victim to this recession. Any trained economist will tell you that the economy, a living and breathing thing, is greatly impacted by its participants. Only once all of begin to feel that the economy is improving will things get better.
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