Law and Rights
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- Navistar To Buy Monaco Coach ?
700 Monaco Coach shareholders are likely stuck holding an empty bag of shares of stock after the company terminated them and filed for bankruptcy in March. Everyone agrees the stock has become virtually worthless. When there's a bankruptcy, shareholders...
- Monaco Worsens ?
The complaints and reports are starting to come in that Monaco dealers are refusing to do warranty work because of either "slow pay" or "no pay" on warranty claims. Rumor has it that a Southern California dealer turned away a 2009 Dynasty owner's...
- Monaco Threatened With Nyse Delisting
Already suffering economically and having just consulted industry experts on how to turn its business around, now Monaco has received notice from the New York Stock Exchange that they will be delisted if things don't improve. The same thing happened...
- More Rv Companies Bite The Dust
2008 was a bad year for the Rv industry. Some companies merged, sold off assets, closed or filed for bankruptcy protection. If you're thinking of buying a motorhome, you need to be careful of the viability of the builder to stand behind their product....
- Rv Warranty Problems Rising ?
Blue news for Rv builders. The economy sucks not just for you and me but also for them too. Although Fleetwood took the award for market share in 2007 the faltering economy is hurting all Rv builders, including Fleetwood. Weekend Warrior was reported...
Law and Rights
Rv Industry Collapsing ?
Last year several Rv builders went out of business and this year things aren't looking any better. So far, Country Coach, Monaco Coach and Fleetwood have all filed bankruptcy (of one kind or another). Who's next? That's become the name of the name.
Both Monaco and Fleetwood were "delisted" from the New York Stock Exchange before their collapse, which greased the skids for their downhill slide into bankruptcy, but it undoubtedly was only part of the problem.
Quality control, warranty lawsuits, Katrina-trailer litigation --- even employee litigation was taking its toll. Pile on a few creditors, then toss in some corporate officers that dump some of their stock, mix with a generous portion of recession doldrums and unemployment blues and it's no wonder bankruptcy darkened the horizon.
The moral of the story? If you've got an Rv with problems, now is the time to get it in the shop for warranty work while you can and while there's still someone willing to honor the warranty, if there still is. Who would have thought that Fleetwood, with all its size, would ever be standing in bankruptcy court? And Monaco and Country Coach with them.
If you're thinking of buying a motorhome, be careful. Make sure you get a warranty from the selling dealer with it too. Not just one of those over-priced service contracts from some "post office" box company either (they don't call them a collander warranty for nothing, folks, and if you don't know what that means just ask any cook). Make the dealer write on the sales contract that they will back the original factory warranty too. Otherwise, what the dealer is telling you is "good luck, buddy."
Take care of your money. No one else will do it for you.
Burdge Law Office
http://www.rvlemonlaw.com/
Helping consumers protect themselves since 1978.
Subscribe in a reader- Navistar To Buy Monaco Coach ?
700 Monaco Coach shareholders are likely stuck holding an empty bag of shares of stock after the company terminated them and filed for bankruptcy in March. Everyone agrees the stock has become virtually worthless. When there's a bankruptcy, shareholders...
- Monaco Worsens ?
The complaints and reports are starting to come in that Monaco dealers are refusing to do warranty work because of either "slow pay" or "no pay" on warranty claims. Rumor has it that a Southern California dealer turned away a 2009 Dynasty owner's...
- Monaco Threatened With Nyse Delisting
Already suffering economically and having just consulted industry experts on how to turn its business around, now Monaco has received notice from the New York Stock Exchange that they will be delisted if things don't improve. The same thing happened...
- More Rv Companies Bite The Dust
2008 was a bad year for the Rv industry. Some companies merged, sold off assets, closed or filed for bankruptcy protection. If you're thinking of buying a motorhome, you need to be careful of the viability of the builder to stand behind their product....
- Rv Warranty Problems Rising ?
Blue news for Rv builders. The economy sucks not just for you and me but also for them too. Although Fleetwood took the award for market share in 2007 the faltering economy is hurting all Rv builders, including Fleetwood. Weekend Warrior was reported...