TC Sounds Liquidation Inventory

[Zeuslicious 5,000+ posts]

I still love all my Tc drivers. I'll only keep the ones that I really love.

 

[ultimate157 5,000+ posts]

I'll be building an enclosure for my Eclipse 8200 for HT duty... Not gonna sell that bad boy.

 

[Haunz 10+ year member]

i'm glad my TC sub has a lifetime warranty, that carries over if they go out of business right?

When TC claimed a lifetime warranty.. they ment for the lifetime of TC...

I plan on making a bid for the roll of blue matt.... //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif

 

[snb778 5,000+ posts]

no subs FTL

 

[snoopdan 5,000+ posts]

dammit, I wanted the blue mat too... //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

It was the only thing of substance in that entire auction //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[ThornInYourSide]

thilo isnt letting any of the baskets or sub parts go... audiopulse is still in business and are life time warranty... he wont let the parts go because he doesnt want the market flooded with them.. it would hurt his baby audio pulse...

If it's a bankruptcy, their not Thilo's parts anymore - they belong to the creditors under the direction of the bankruptcy trustee appointed by the Court, who will liquidate the assets to raise cash for those creditors. The only way he can keep the parts and patents is to buy them himself at auction - of course, if he has cash, then why didn't he declare that to the bankruptcy trustee prior to the liquidation? That is called fraud - you cannot hide assets.

Likewise, if he kept a lot of the parts and equipment himself, or sold it to "Audiopulse" for below-market value that constitutes fraud - you cannot do that prior to a bankruptcy because you have defrauded the creditors of their potential reimbursement. In fact, the Court can have that equipment seized WITHOUT recompense to the purchaser, and have that equipment liquidated to continue paying creditors. Exposing Thilo to fraud against the Court as well as opening him to fraud and legal actions from the purchaser who is now out cash AND equipment.

Thilo pulls a stunt like "keeping parts", or hiding cash, or selling assets to himself/favorable entities for below-market value and he's not facing just a bankruptcy but criminal fraud, and time behind bars...

Not to mention I know of at least one creditor/supplier that was NOT informed of the bankruptcy. This only happens if the debtor (TC Sounds) does NOT list the creditor when declaring bankruptcy. Not only is this also perjury (you sign an oath that all debts and debtors are listed to the best of your knowledge, and the one creditor I know of was a SIGNIFICANT debt that Thilo knew about), and forms a legal standing for overturning the bankruptcy, it exposes Thilo and his mother Crista (the owners of TC Sounds) to direct civil action.

Since at least one creditor was not listed for the bankruptcy, the owners of TC Sounds (Thilo and his mother) are NOT shielded from personal lawsuits by those creditors regarding those outstanding debts. As the surviving owners of the now-bankrupt corporation, they are personally liable for undeclared debts. Meaning that a lawsuit will be quite effective against them both, personally.

If Thilo actually pulled the stunts you talk about, not only is there just cause to overturn the entire bankruptcy proceedings, there is just cause to pierce the corporate veil of protection and start legal proceedings against Thilo and his mother, directly. Putting all their own personal assets at risk. And with fraud and perjury charges, he faces not just a destroyed credit rating, but severe fines and jail time.

he also plans on buying back his patents, and also plans on sueing XY for selling the baskets to powerbass for the 4xl....

Except that Thilo has no legal standing to sue XY - he does not own the patents, TC Sounds did (see the assignee of the patents). Whoever buys those patents can pursue legal action in the US against any US-based XY subsidiary if they choose, or against Powerbass. But it's not Thilo's call. Unless he actually buys the patents, but as a creditor I would be quite interested in how he raised capital to purchase his own patents; I am sure he's not declared everything, and if Audiopulse is going to exist, if he did transfer assets at below-market value then he opens himself up to serious lawsuits.

Thilo's best move would be to just let it all go, and start again. If he sold parts at a favorable position to Audiopulse he best return that cash, recover the parts and list them with the Court as well. Fraud is not something to dabble with...

And yes, I am a lawyer...

 

[bumpin buick 5,000+ posts]

If it's a bankruptcy, their not Thilo's parts anymore - they belong to the creditors under the direction of the bankruptcy trustee appointed by the Court, who will liquidate the assets to raise cash for those creditors. The only way he can keep the parts and patents is to buy them himself at auction - of course, if he has cash, then why didn't he declare that to the bankruptcy trustee prior to the liquidation? That is called fraud - you cannot hide assets.
Likewise, if he kept a lot of the parts and equipment himself, or sold it to "Audiopulse" for below-market value that constitutes fraud - you cannot do that prior to a bankruptcy because you have defrauded the creditors of their potential reimbursement. In fact, the Court can have that equipment seized WITHOUT recompense to the purchaser, and have that equipment liquidated to continue paying creditors. Exposing Thilo to fraud against the Court as well as opening him to fraud and legal actions from the purchaser who is now out cash AND equipment.

Thilo pulls a stunt like "keeping parts", or hiding cash, or selling assets to himself/favorable entities for below-market value and he's not facing just a bankruptcy but criminal fraud, and time behind bars...

Not to mention I know of at least one creditor/supplier that was NOT informed of the bankruptcy. This only happens if the debtor (TC Sounds) does NOT list the creditor when declaring bankruptcy. Not only is this also fraud, and forms a legal standing for overturning the bankruptcy, it exposes Thilo and his mother Crista (the owners of TC Sounds) to direct civil action.

Since at least one creditor was not listed for the bankruptcy, the owners of TC Sounds (Thilo and his mother) are NOT shielded from personal lawsuits by those creditors regarding those outstanding debts. As the surviving owners of the now-bankrupt corporation, they are personally liable for undeclared debts. Meaning that a lawsuit will be quite effective against them both, personally.

If Thilo actually pulled the stunts you talk about, not only is there just cause to overturn the entire bankruptcy proceedings, there is just cause to pierce the corporate veil of protection and start legal proceedings against Thilo and his mother, directly. Putting all their own personal assets at risk. And with fraud charges, he faces not just a destroyed credit rating, but severe fines and jail time.

Except that Thilo has no legal standing to sue XY - he does not own the patents, TC Sounds did (see the assignee of the patents). Whoever buys those patents can pursue legal action in the US against any US-based XY subsidiary if they choose, or against Powerbass. But it's not Thilo's call. Unless he actually buys the patents, but as a creditor I would be quite interested in how he raised capital to purchase his own patents; I am sure he's not declared everything, and if Audiopulse is going to exist, if he did transfer assets at below-market value then he opens himself up to serious lawsuits.

Thilo's best move would be to just let it all go, and start again. If he sold parts at a favorable position to Audiopulse he best return that cash, recover the parts and list them with the Court as well. Fraud is not something to dabble with...

And yes, I am a lawyer...

thats one hell of a first post

 

[bumpin buick 5,000+ posts]

are you handleing the case by any chance you seem to know a lot of the situation?

 

[ThornInYourSide]

Thank you. I recently became aware of this issue via a mutual friend between myself and the undeclared creditor. It's nice to get statements about the case from open forums, since I think we'll be pursuing legal remedies from Thilo Stompler and Crista Stompler, personally.

And having 3rd party statements provides a nice, legal reason to seek subpeonas against other involved entities, such as Audiopulse. It will be nice to look through the records of Audiopulse and see just what items Thilo attempted to preferentially transfer prior to the bankruptcy, so those assets can be seized, liquidated, and charges brought against Thilo, at least in civil court. I'm sure the bankruptcy trustee and Court will also be quite interested in the activities.

Maybe 2Tone is making it up, but as I read through this (and other) threads, it appears he does have some sort of inside connection to TC and thus his statements will make a nice justification for issuance of additional subpoenas.

 

[revrider1 5,000+ posts]

It is a hell of a first post?

 

[ThornInYourSide]

are you handleing the case by any chance you seem to know a lot of the situation?

Not handling the case - officers of the Court are not permitted to discuss cases prior to resolution. But I am providing some initial counsel to at least one aggrieved party that Thilo did NOT list in the bankruptcy. One that has the financial AND willful abilities to pursue full legal remedies.

 

[bumpin buick 5,000+ posts]

thilo isnt letting any of the baskets or sub parts go... audiopulse is still in business and are life time warranty... he wont let the parts go because he doesnt want the market flooded with them.. it would hurt his baby audio pulse... he also plans on buying back his patents, and also plans on sueing XY for selling the baskets to powerbass for the 4xl....

The guy at powerbass responsible for their woofer ( BRAD) is the same guy who was responsible for the SS xxx.... and his sidekick (Murphy) is partially responsible for our TSNS.

The sub is clearly a 4hp sub but it doesnt look anymore like a TC then it does a SS XXX so how could they take legal action on something like that without taking legal action on SS for the XXX and T3 for the TSNS?

 

[perfecxionX 10+ year member]

Thank you. I recently became aware of this issue via a mutual friend between myself and the undeclared creditor. It's nice to get statements about the case from open forums, since I think we'll be pursuing legal remedies from Thilo Stompler and Crista Stompler, personally.
And having 3rd party statements provides a nice, legal reason to seek subpeonas against other involved entities, such as Audiopulse. It will be nice to look through the records of Audiopulse and see just what items Thilo attempted to preferentially transfer prior to the bankruptcy, so those assets can be seized, liquidated, and charges brought against Thilo, at least in civil court. I'm sure the bankruptcy trustee and Court will also be quite interested in the activities.

Maybe 2Tone is making it up, but as I read through this (and other) threads, it appears he does have some sort of inside connection to TC and thus his statements will make a nice justification for issuance of additional subpoenas.

lol

well,

looks like the internet is indeed serious business

 

[bumpin buick 5,000+ posts]

lol
well,

looks like the internet is indeed serious business

wheres the rickroll music when ya need it lol

Anyone actually know who owns audio pulse?

 

[mjf 10+ year member]

Thank you. I recently became aware of this issue via a mutual friend between myself and the undeclared creditor. It's nice to get statements about the case from open forums, since I think we'll be pursuing legal remedies from Thilo Stompler and Crista Stompler, personally.
And having 3rd party statements provides a nice, legal reason to seek subpeonas against other involved entities, such as Audiopulse. It will be nice to look through the records of Audiopulse and see just what items Thilo attempted to preferentially transfer prior to the bankruptcy, so those assets can be seized, liquidated, and charges brought against Thilo, at least in civil court. I'm sure the bankruptcy trustee and Court will also be quite interested in the activities.

Maybe 2Tone is making it up, but as I read through this (and other) threads, it appears he does have some sort of inside connection to TC and thus his statements will make a nice justification for issuance of additional subpoenas.

Thorn its great to see someone here who has actual knowledge of how these things are processed and can actually explain it.

the connection in terms of parts should be looked into thoroughly between TC and Audiopulse.

considering these boxes for audiopulse are listed in the initial inventory of TC

http://www.auctionflex.com/showlot.ap?co=23738&weventid=4779&weventitemid=1810143&wmaingroupid=0&wcatmastid=0&inventorytype=&minyear=2008&minmonth=4&minday=11&maxyear=2009&maxmonth=4&maxday=11&keyword=&lotsortorder=lotnumasc&pagenum=2&action=&lang=En

the move has seemed to have been planned through TC initially and then bankruptcy filed later.

The subwoofers used by both companies are identical, just rebranded under a different model name, I do not see how it is at all possible that parts were not transferred between TC and Audiopulse, when there are patents claimed on certain parts of the speaker assemblies and the like, one would have had to transfer to the other considering they're ran by the same person.

Honestly, I want to see this company go down, they were decent about a year ago, and then decided to institute a 200% price increase on their regular products and the customer service is less than subpar.

edit:

http://www.caraudio.com/forum/showthread.php?p=3854730#post3854730

some extra threads regarding this bankruptcy from a few months ago