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Old 03-19-2019, 07:34 PM   #21
Branded
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Default Re: Lebaron Bonney Bankruptcy

I’ve seen this coming.
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Old 03-19-2019, 09:04 PM   #22
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Default Re: Lebaron Bonney Bankruptcy

They are going to keep doing business until the day and time the doors are closed, that's basically what closing the doors means.
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Old 03-19-2019, 09:16 PM   #23
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Default Re: Lebaron Bonney Bankruptcy

Well there goes my order for side curtains for my 34 roadster...
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Old 03-19-2019, 09:29 PM   #24
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Default Re: Lebaron Bonney Bankruptcy

Its a street/rat rod world, we are just living in it. Sorry to hear it. Maybe someone will pick up the pieces.



Think they could just sell patterns for sometime and not have a lot of overhead.




.

Last edited by Tinker; 03-19-2019 at 09:37 PM.
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Old 03-19-2019, 09:52 PM   #25
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Default Re: Lebaron Bonney Bankruptcy

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Originally Posted by DavidG View Post
The fallout and impact on the hobby beyond the immediate financial losses that the customers, like myself, will likely suffer from lost deposits and/or seat springs and own material sent to them and likely not returned, such as the likely loss in of their extensive library of patterns accumulated from original pieces over six decades will be enormous.
I agree David. I was on the point of ordering an interior for the 34 Fordor but held off as I was a little worried about how things were heading . They have provided kits for Model A's I have had in the past and were of excellent quality.

Is there any way that an individual or organisation could get hold of the patterns.

Karl
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Old 03-19-2019, 10:18 PM   #26
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Default Re: Lebaron Bonney Bankruptcy

Here is what Chapter 7 means:


A Chapter 7 corporate bankruptcy is a federal court-sanctioned and supervised procedure in which a court-appointed trustee takes over the corporationís finances and debts. In this type of bankruptcy, the trustee liquidates, or sells, the corporationís assets and distributes the proceeds to the corporationís creditors.
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Old 03-19-2019, 11:18 PM   #27
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Default Re: Lebaron Bonney Bankruptcy

Bottom line is they are not selling the kits they once were to stay in business . They had a good run but with the muscle cars , hot rods , and street rods so strong now there are very few people wanting these kits compare to years ago . Things are changing as the young ones step up .
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Old 03-19-2019, 11:23 PM   #28
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Default Re: Lebaron Bonney Bankruptcy

It's like guys that build a flathead only if it's to the extreme. Hardly any one asks how to do a .010 over engine. Hang on to your original fords I'm thinking, enjoy it.... You can always put a ls in.


.

Last edited by Tinker; 03-19-2019 at 11:42 PM.
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Old 03-20-2019, 04:50 AM   #29
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Default Re: Lebaron Bonney Bankruptcy

Damn shame. Maybe somebody will pick it up out of bankruptcy and breath new life into it. Historical brand name that has lots of potential. Here's hoping that's what happens!
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Old 03-20-2019, 07:36 AM   #30
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Default Re: Lebaron Bonney Bankruptcy

Guy all Gals, I am David. Iíve worked there 5 years. They are done. All Hampton Coach( Chevy portion of LBB) and Lebaron Bonney Orig Interiors
Ford 1928-54, and Chev, 1922-1954 is done. all Employees got last pay check.
This is very fresh, so you may not yet find in court records, but they are done.
If you would like to speak to me, message me with your number.
I am David.
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Old 03-20-2019, 07:41 AM   #31
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Default Re: Lebaron Bonney Bankruptcy

Closed, means closed. Trust me, they are done
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Old 03-20-2019, 08:23 AM   #32
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Default Re: Lebaron Bonney Bankruptcy

Maudslay
Can you give us any insight as to what really happened ?
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Old 03-20-2019, 08:31 AM   #33
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Default Re: Lebaron Bonney Bankruptcy

Maudslay, with five years experience, and a lot of assets that will go for 5 or 10 cents on the dollar, and a ton of very valuable stuff that will wind up in dumpsters, then landfills, is there a business opportunity staring you in the face? You don't need a grandiose place for this operation. Probably one thousand square feet of rented industrial space, electricity, lights and talent. Start small, never waver on promises made, never compromise on quality and don't over promise and under deliver.
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Old 03-20-2019, 08:52 AM   #34
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Default Re: Lebaron Bonney Bankruptcy

It is good to hear the employees at least got paid. It is sad to hear of the closing. Maybe by the time I am ready for that part of my car there will be another resource.
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Old 03-20-2019, 09:41 AM   #35
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Default Re: Lebaron Bonney Bankruptcy

LB closing is a great loss to the car hobby. So sad.
Will this trade go the way of the blacksmith, eventually?
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Old 03-20-2019, 09:43 AM   #36
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Default Re: Lebaron Bonney Bankruptcy

Their assets will go up for auction eventually and will sell to the highest bidder. Whether someone buys it and turns it around or the assets get repurposed in another market remains to be seen. We can only hope for the former.
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Old 03-20-2019, 09:49 AM   #37
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Default Re: Lebaron Bonney Bankruptcy

Lebaron Bonney has filed Bankruptcy!

I Have 4 seats at Lebarron Bonnie, how do I get them back? No one will answer the phone.
Anyone know who or how to contact them?
Jeff
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Old 03-20-2019, 10:58 AM   #38
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Default Re: Lebaron Bonney Bankruptcy

porrj- your best bet to find out would be to PM Maudslay.
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Old 03-20-2019, 11:19 AM   #39
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Default Re: Lebaron Bonney Bankruptcy

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Originally Posted by porrj View Post
Lebaron Bonney has filed Bankruptcy!

I Have 4 seats at Lebarron Bonnie, how do I get them back? No one will answer the phone.
Anyone know who or how to contact them?
Jeff
You may be out of luck, all property on the premises is most likely considered part of their assets and controlled by the courts. Might have to find out who is holding the property or handling the bankruptcy and file a claim.

Last edited by JSeery; 03-20-2019 at 11:29 AM.
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Old 03-20-2019, 12:01 PM   #40
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Default Re: Lebaron Bonney Bankruptcy

Once the bankruptcy court takes over, all assets(buildings, what is inside the buildings, bank accounts, etc.) become property of the bankruptcy court. As JSeery says you may have to file a claim for your seats. Unfortunately these type of problems can be a long drawn out process. If they had filed a Chapter 11 rather than 7 that would mean they were reorganizing to stay in business. Chapter 7 means they are DONE. You will have to have proof of some type that they have your seats in order to file a claim. If you have nothing in writing you are probably up the creek.
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