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03-19-2019, 05:23 AM | #1 |
Junior Member
Join Date: Mar 2019
Location: Amesbury, Ma
Posts: 10
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Lebaron Bonney is Bankrupt
Hello. As a five year Emp of LBB, in Amesbury, Ma., this is no rumor. LBB closed their doors Friday the 15th. The Courts will do an inventory, and there will be an Bankruptcy Auction in 4-5 months. The first people to be “made whole”, will be you all, the Customers. I parted ways with the Company on Sept 15, 2018, due to lack of purchasing raw goods. I felt that less than honest practices were used to keep truth from Employees and from Customers.
You can PM me if necessary. This sucks for the I industry, and more for those who didn’t get their Kits. I hope the best in this situation. Respectfully, and, Sadly, |
03-19-2019, 05:25 AM | #2 |
Junior Member
Join Date: Mar 2019
Location: Amesbury, Ma
Posts: 10
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Re: Lebaron Bonney is Bankrupt
...also, the ABC portion of the business was sold recently to SMS, so that will not be an improvement. You all know why......
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03-19-2019, 06:54 AM | #3 |
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Join Date: Aug 2013
Posts: 21
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Re: Lebaron Bonney is Bankrupt
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03-19-2019, 08:42 AM | #4 |
BANNED
Join Date: Apr 2017
Location: Sacramento
Posts: 1,262
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Re: Lebaron Bonney is Bankrupt
I bet its labor costs,its why most of the sewing is done overseas..how long were they in business?I remember LB selling kits in the 70's..
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03-19-2019, 08:58 AM | #5 | |
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Join Date: May 2010
Location: Reseda, Calif.
Posts: 2,188
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Re: Lebaron Bonney is Bankrupt
Quote:
Been looking at this for my 57 Oldsmobile and my 54 Chevy. https://smsautofabrics.com/?utm_sour...n=announcement |
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03-19-2019, 09:12 AM | #6 |
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Join Date: May 2010
Posts: 702
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Re: Lebaron Bonney is Bankrupt
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03-19-2019, 09:35 AM | #7 |
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Join Date: May 2010
Posts: 1,835
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Re: Lebaron Bonney is Bankrupt
I know they were in business in 1964 and probably about 5-7 years prior to that. My dad was restoring our '30 roadster at the time and many phone call conversations were with Lee Atherton personally,the founder.It is sad indeed.
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03-19-2019, 10:17 AM | #8 |
Junior Member
Join Date: Mar 2019
Location: Amesbury, Ma
Posts: 10
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Re: Lebaron Bonney is Bankrupt
ABC refers to 1955-62 (fairlaine & Galaxie period). All vinyl and Poly-Synthetic materials.
Mounded seat Spring foam for the first time, etc. that got sold to SMS. Look them up, in Oregon. Ask around.....I’m still waiting for something to say something good about them. Anyway, that’s that scoop. |
03-19-2019, 10:59 AM | #9 |
Senior Member
Join Date: May 2010
Location: Tacoma, WA
Posts: 1,025
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Re: Lebaron Bonney is Bankrupt
This thread isn't passing the stink test for me. Has anyone fact checked legal docs?
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03-19-2019, 11:05 AM | #10 |
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Join Date: May 2010
Location: Coral Springs FL
Posts: 10,943
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Re: Lebaron Bonney is Bankrupt
Good points Bob. Hope it's not true.
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03-19-2019, 11:06 AM | #11 |
Senior Member
Join Date: Jun 2015
Location: Central CT
Posts: 348
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Re: Lebaron Bonney is Bankrupt
It aligns with my experience while hard to believe, as the tent at Hershey was busy enough in October when we forked over $745 bucks. Maudesly, thanks for posting. No respone to direct or toll free lines, web site down.
I further suspect the partial product sent was done at least in part to reflect as a filled order. I am out around 2 or 3 hundred unless someone sees my email documenting the issue. Feel bad for anyone burned worse.
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Steve 1930 Model A Roadster Last edited by Steve_Mack_CT; 03-19-2019 at 11:08 AM. Reason: 6 |
03-19-2019, 11:18 AM | #12 |
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Join Date: May 2016
Location: Glide, Oregon
Posts: 1,339
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Re: Lebaron Bonney is Bankrupt
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03-19-2019, 01:14 PM | #13 | |
Senior Member
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Re: Lebaron Bonney is Bankrupt
Quote:
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What's right about America is that although we have a mess of problems, we have great capacity - intellect and resources - to do some thing about them. - Henry Ford II |
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03-19-2019, 01:40 PM | #14 | |
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Join Date: May 2010
Location: Tacoma, WA
Posts: 1,025
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Re: Lebaron Bonney is Bankrupt
Quote:
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03-19-2019, 01:41 PM | #15 |
Senior Member
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Re: Lebaron Bonney is Bankrupt
So sad!! I have an LB kit in my coupe. Installed in 2002. Wears like iron and still looks like new. Hate to see this blow to the hobby...
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03-19-2019, 02:53 PM | #16 | |
Senior Member
Join Date: Apr 2016
Location: Bellingham, WA
Posts: 1,163
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Re: Lebaron Bonney is Bankrupt
Quote:
I've found SMS to be a great asset to the hobby. They've always been able to satisfy my requests. Easy to deal with. Your experience may vary.
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03-19-2019, 03:12 PM | #17 |
Senior Member
Join Date: Nov 2018
Location: North Eastern MD
Posts: 486
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Re: Lebaron Bonney is Bankrupt
Sad to see a long time vendor go under. Someone will buy up their inventory for most likely pennies on the dollar. The op's statement that "you, the customers will be made whole first', may not be true. The courts will decide who will and in what order they will be made whole. Largest creditor will most likely be first in line, then the rest of the assets will be divided out. My guess is the little guy (the customers) will be last on the list, if and when any monies are left.
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03-19-2019, 03:28 PM | #18 |
Senior Member
Join Date: May 2010
Location: Southern Illinois
Posts: 3,795
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Re: Lebaron Bonney is Bankrupt
Who needs their inventory or physical business? It's worthless. Some place like Cartouche just needs to step up and offer a higher end, 100% authentic interior kit for those folks wanting that level of product.
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03-19-2019, 04:09 PM | #19 |
Senior Member
Join Date: May 2010
Posts: 1,835
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Re: Lebaron Bonney is Bankrupt
Only thing I needed was or is the panel that covers drivers seat back from rumble seat compartment.I think there should be one there as original at least my 9 year old grandson told me it would look better. My upholstery and top are probably "pre LeBarron Bonney but very good shape,not very authentic but done by a pretty good upholstery shop back in the day. I would hate to be a restorer of one of these cars and need this stage of the restoration now.
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"Never complain,never explain"... Henry Ford II |
03-19-2019, 04:34 PM | #20 |
Senior Member
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Re: Lebaron Bonney is Bankrupt
Classtique is the place to go now!! Great company and great service...
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Mark Maron Ill., Region MARC & MAFCA MARC JSC Member MAFFI Trustee National Facebook Admin. https://www.facebook.com/groups/MARC.group/ A7191-Sport Coupe 29 Roadster 29-Town Sedan 29-Original Special Coupe |
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