On 6/18/18

I received the notice from the Federal Bankruptcy Court today.

Did guys who were due blocks receive them?

LINK to Chapter 7 vs 11 vs 13, for anyone who is not familiar w/ the different type of bankruptcy filings.

I thought we were making Hemi's great again?
What happened?

3-2-1. Here we go again

Got a link to your source?

If your question is for me, the answer is in my OP.

Everyone please relax. There are legal proceedings that will be ongoing for some time between Ken Black and the new ownership. This is part of that. NOTHING has changed in regards to the production of blocks at the RMC shops in Michigan. Two shipping tomorrow to me.
This is Mr Black availing himself of the legal system in regards to his finances. The new ownership is availing themselves to legal recourse and that is all.
Blocks are being made daily and all production has been moved from the California shop. Relax. This is just the lawyers sorting out the legal issues that have arisen since new ownership was brought on. That is all. There will be more information in a couple days. This is not the same ol same ol. Quite the contrary.
Todd Marsh

Thanks, Todd.
I knew you would have the info and there would be questions.

They "accidentally" erased their email servers.

Got the same letter today. Just typical lawyer stuff.

Same thing MSD sent out a couple years ago.

If you see the way that Dart now casts their blocks and the way KB does it, you'll never want one anyway.

I could be wrong but I think in simplest terms this means the buyers can not sue to get a block or refund or whatever except in the time alloted by the judge.

And have they correctly listed every single deposit and pre-pay among their creditors?

Ooppsss... there's this "tendency" to forget this. Like every single time, where you pay off your friends, father-in-law, people who will burn your house down, etc. now, and let everyone else argue over what's left.
This is supposed to be a major rule: any creditor you do not list in the petition or notify means that debt is not discharged or reorganized through the bankruptcy, and you still owe them every penny.
Except it never happens. The big creditors don't want the money to go anywhere but their pockets.

I got a call from Tim Banning last week. My block is getting sleeved this week and it's done. Woo Hoo for me. It was ordered Nov 2014.

So, who's going to be the real losers here? The suppliers? This was done to protect someone from financial obligation.

BTW: IIRC assets paid out up to 6 months prior to bankruptcy petition are subject to re-distribution per settlement. If they were smart, they all gave themselves bonuses and paid people they would need again 184 days prior to filing. Also fun: selling assets for low value to get them off the books to a shell, then they mysteriously re-appear as new purchases when they start their new company...

Also why checks no longer have a time limit as to when they can be returned, and why you no longer get your original "paid" check back in your monthly statement.

I was a banker most of my life, albeit most of it on the technical side and I don't agree with this. In almost all circumstances banks have very tight deadlines for returning checks.

Anymore almost all checks are held at the point of deposit or even by the depositor. Very few checks make it to the bank on which it is drawn, everything is imaged based. So it is practically impossible to return checks with a statement even if the bank wanted to do so.

Also remember this is a Chapter 11 Bankruptcy (Reorganization), not a Chapter 7 (Liquidation)