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Old 09-28-2009, 06:52 PM   #1
Myron Piatek
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Unhappy Bad news for Holley - again!

Hope they can pull through and make it this time around.

http://www.reuters.com/article/bankr...87294020090928
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Old 09-28-2009, 07:49 PM   #2
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Default Re: Bad news for Holley - again!

I think we could smell that one coming. Sad times for another one of our industry legends. Probably not the last to suffer the same fate.....tough times for the employees; my thoughts are with them.
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Old 09-28-2009, 09:30 PM   #3
Ed Fernandez
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Default Re: Bad news for Holley - again!

How many times can you go into Chapter 11?
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Old 09-28-2009, 10:02 PM   #4
Alan Roehrich
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Default Re: Bad news for Holley - again!

Ed, it's not like personal bankruptcy (real strict limits). But I don't think they can do it again anytime soon. I'd bet that if they don't emerge solvent soon, the next one will be Chapter 7.
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Old 09-28-2009, 10:22 PM   #5
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Default Re: Bad news for Holley - again!

Quote:
Originally Posted by Alan Roehrich View Post
Ed, it's not like personal bankruptcy (real strict limits). But I don't think they can do it again anytime soon. I'd bet that if they don't emerge solvent soon, the next one will be Chapter 7.
Chapter 7,is that like euthanasia?Calling Dr Kevorkian......
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Old 09-29-2009, 12:10 AM   #6
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Default Re: Bad news for Holley - again!

I've got a pair of super-rare carbs I want to restore to new condition. I would have loved to send them to Holley but not a the thought of the doors closing one day with my carbs inside. That's too bad for Holley. I sure wouldn't ever buy a BG carb!
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