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Old 07-28-2010, 08:02 PM   #1 (permalink)
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Smart Parts files to change from Chapter 11 to Chapter 7 Bankruptcy

Smart Parts has filed to change over from Chapter 11 Bankruptcy (Re-Organization) to Chapter 7 Bankruptcy (Liquidation)...

Heres the link to 68Caliber.com : http://68caliber.com/?p=8397

Let the discussions begin and please keep it Civil as to keep this thread open and not closed due to bad behavior...

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Old 07-28-2010, 08:03 PM   #2 (permalink)
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Old 07-28-2010, 08:10 PM   #3 (permalink)
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Old 07-28-2010, 08:11 PM   #4 (permalink)
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too bad. I am sure the brothers will resurface again someday.
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Old 07-28-2010, 08:15 PM   #5 (permalink)
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Who was it that had the "I'm in the know and they'll be back all you haters" thread? We need a good Nelson (from the simpsons) animated gif.
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Old 07-28-2010, 08:15 PM   #6 (permalink)
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So many years I had heard time after time how SP was litigating the pants off every small pb company out there. It would appear that "what goes around, comes around."

I know this economy has hit paintball BAD! I sure hope that some business will stay operational.

It would be nice if some of the small companies that were bullied by SP could start up making their stuff again.

I think the entire industry needs to rethink how it's going to survive in future!

I hope some people are innovative enough to find a way to make it work!
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Old 07-28-2010, 08:23 PM   #7 (permalink)
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Quote:
Originally Posted by KoolKat View Post
Who was it that had the "I'm in the know and they'll be back all you haters" thread? We need a good Nelson (from the simpsons) animated gif.
you mean like this



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Old 07-28-2010, 08:23 PM   #8 (permalink)
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I'm sorry for all of those who have lost jobs. I wonder if these patents will be liquidated, or if they are property of the brothers?
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Old 07-28-2010, 08:23 PM   #9 (permalink)
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Quote:
Originally Posted by KoolKat View Post
Who was it that had the "I'm in the know and they'll be back all you haters" thread? We need a good Nelson (from the simpsons) animated gif.
....wasn't it Shadawg? Though if it was him, his recent purge of all things Smart Parts could've been a sign lol.
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Old 07-28-2010, 08:33 PM   #10 (permalink)
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the patents were assigned to the bank when SP took out its 10+ million dollar loan.
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