Law and Rights
After 87 years of building taxi cabs and motor vehicle parts, Checker Motors filed for Chapter 11 bankruptcy protection January 16, 2009.
The company joins at least seven other major auto suppliers that have filed for bankruptcy in the past year.
Once the company made the taxi cabs that crowded many metropolitan US cities and made the term "yellow cab" universal.
It's another sign of the times but hopefully one that will come to an end with the change of administrations in Washington starting tomorrow. Consumers can only hope.
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Law and Rights
Checker (the Cab Builder) Files Bankruptcy
After 87 years of building taxi cabs and motor vehicle parts, Checker Motors filed for Chapter 11 bankruptcy protection January 16, 2009.
The company joins at least seven other major auto suppliers that have filed for bankruptcy in the past year.
Once the company made the taxi cabs that crowded many metropolitan US cities and made the term "yellow cab" universal.
It's another sign of the times but hopefully one that will come to an end with the change of administrations in Washington starting tomorrow. Consumers can only hope.
Burdge Law Office
www.UsLemonLawyers.com
Helping consumers since 1978.
Subscribe in a reader- Saab Is In Trouble? Unpaid Suppliers Shut Down The Assembly Line For Lack Of Payment
Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that...
- Gm Gets Surgical
Doubt continues to grow on whether or not GM can avoid bankruptcy very soon. GM is backed into a corner with its well-heeled bond holders not budging and too many creditors clamoring for cash while the feds while away the hours on the doomsday clock....
- 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...
- $50 Million Offered For Monaco Coach Corp
An unnamed suitor has offered $50 million for substantially all the assets of Monaco Coach Corp., according to a story on the AP newswire. That could be good news for Monaco owners, many of whom have been left stranded with no warranty protection since...
- Monaco Coach Files Bankruptcy
On March 5, 2009 Monaco Coach Company filed a chapter 11 bankruptcy in its home state of Delaware. The entities that appear to be covered by the bankruptcy look like Signature Motorcoach Resorts, Inc., MCC Acquisition Corp.: Signature Resorts, Naples...