Comptech announced they will be closing
Originally Posted by vbb,Feb 26 2007, 07:51 PM
I'm going to check into what, if any, legal recourse people would have if one of the products they bought with a warranty from comptech were to fail.
Originally Posted by mikegarrison,Feb 26 2007, 10:51 PM
Actually, people put a price on that every time they decide (or don't decide) to buy from the more expensive company.
People paid for the warranty and customer service... if they no longer can get what they bargained for, then technically, Comptech owes them.
Originally Posted by vbb,Feb 26 2007, 10:54 PM
People paid for the warranty and customer service... if they no longer can get what they bargained for, then technically, Comptech owes them.
Originally Posted by mikegarrison,Feb 26 2007, 10:53 PM
That depends on how they go out of business, but in general you are basically SOL. That's always a hazard that has to be considered when you buy something.
Our only hope is that Comptech tries to do the right thing for their customers. At this point I wouldn't be surprised if they no longer care what their customers think though.
Originally Posted by vbb,Feb 26 2007, 07:54 PM
Exactly.
People paid for the warranty and customer service... if they no longer can get what they bargained for, then technically, Comptech owes them.
People paid for the warranty and customer service... if they no longer can get what they bargained for, then technically, Comptech owes them.
Very sad.
Originally Posted by Stratocaster,Feb 26 2007, 05:47 PM
FYI
I have confirmed this with CT. It is a fact. They will be selling everything to satify their obligations to their creditors.
I have confirmed this with CT. It is a fact. They will be selling everything to satify their obligations to their creditors.
Crap...this totally sucks...
Originally Posted by vbb,Feb 26 2007, 07:57 PM
Perhaps you are right. Getting a civil judgement on a bankrupt or non-existant corporation isn't worth the paper it's written on.
This all gets into the details of how the company was organized, who owns it, what its current financial status is, etc. etc.
Originally Posted by mikegarrison,Feb 26 2007, 11:03 PM
All the people who have warranties are indeed owed something from the company. But ... if there are no assets, then too bad. If they liquidate the company and there are still assets remaining, then those probably will go into a fund to pay off warranty claims. But most likely, when they liquidate they will have a negative amount of money, and people will already be squabbling for their share.
This all gets into the details of how the company was organized, who owns it, what its current financial status is, etc. etc.
This all gets into the details of how the company was organized, who owns it, what its current financial status is, etc. etc.
Looks like I'll be doing a big fat CANCEL on that supercharger order I placed 2 weeks ago. I'm not comfortable having something as expensive and intricate as a supercharger without any customer service support, warranty, or replacement parts if needed.



