Is TC Sounds Inc. done forever?

[snoopdan 5,000+ posts]

Businesses filing Chapter 7

When a troubled business is badly in debt and unable to service that debt or pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless continued by the Chapter 7 Trustee. A Chapter 7 Trustee is appointed almost immediately. The Trustee generally sells all the assets and distributes the proceeds to the creditors.

This may or may not mean that all employees will lose their jobs. When a very large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intact to other companies during the liquidation.

Fully-secured creditors, such as bondholders or mortgage lenders, have a legally-enforceable right to the collateral securing their loans or to the equivalent value, which right cannot be defeated by bankruptcy. A creditor is fully secured if the value of the collateral for its loan to the debtor equals or exceeds the amount of the debt. For this reason, however, fully-secured creditors are not entitled to participate in any distribution of liquidated assets which the bankruptcy trustee might make.

Interesting //content.invisioncic.com/y282845/emoticons/naughty.gif.94359f346c0f1259df8038d60b41863e.gif

 

[RAM_Designs 5,000+ posts]

Interesting //content.invisioncic.com/y282845/emoticons/naughty.gif.94359f346c0f1259df8038d60b41863e.gif

:calmly awaits cheap TC subs:

 

[WhoSayWho? 5,000+ posts]

I kind of agree. You should shoot yourself.

//content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif Too bad he wont. Empty promises.

I haven't read the latest pages, but is there really anything saying that the e-mails between Chineese Kevin and TC are not authentic?

I don't think that you can dismiss the issues raised by that exchange of e-mails simply because they also happened to move their facilities.

 

[ballstothewall 10+ year member]

I would think PE would want a decent amount of stock before putting them up for sale.
On a related note, has anyone else gotten odd feelings about PE of late. Maybe it's just me, but their prices are going up, selection is dwindling, they're taking on more junk brands, and overall teh place seems different. Hell, Kuzma is gone, do they even have anyone in-house that designs drivers/speakers?

Wild thought, what if PE just bought TC, or they're now partners? That would make Dayton prices skyrocket, but could you imagine the next iteration of the Titanic?!?!?

You do realize that the raw materials have jumped in price in the last couple years. Don't you?

 

[02parkave 5,000+ posts]

:calmly awaits cheap TC subs:

will be waiting a long time

 

[Kil4Thril 10+ year member]

You do realize that the raw materials have jumped in price in the last couple years. Don't you?

True, but their business model seems to have changed somewhat. I can't explain it, I just get an eerie dread 'cuz I feel PE will be defunct fairly soon. I hope to hell not.

 

[hempy 10+ year member]

'cuz I feel PE will be defunct fairly soon

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[joetama 5,000+ posts]

I kind of agree. You should shoot yourself.

LAWL...

Straight to the point...

 

[dcole18 5,000+ posts]

well u talked with thilo today and he said today should be the final day of them setting everything up at the new location...

 

[UndercoverPunk 5,000+ posts]

PE... TC... I'll take a 20 minute drive to see this.

Hopefully some shit will turn up at the tent sale.

in 10 years.

 

[jmanpc 5,000+ posts]

Bump for:

I hate TC Sounds, Inc, Thilo Stompler, Ron Brown and Thilo mother, whose name is Christa Stompler

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[newusername 10+ year member]

lol.

Jim right on the money:

They were in trouble when they lost their biggest customers of all, the people they were OEM'ing for. Who gives a shit about the kids, and that's all they are, on the forums. Those aren't the bread-and-butter customers that are going to keep things going strong...

 

[snoopdan 5,000+ posts]

holy old news.

 

[sqhertz 5,000+ posts]

TC gone?! shocking.

who is audiopulse?

should i make another thread asking this?

 

[duece212 5,000+ posts]