Thruster88 Posted January 22, 2024 Posted January 22, 2024 Some good news. 65% is a good number, still a big number. Van's Resumes Shipping Kits, 65 Percent Of Customers Renew Orders - AVweb WWW.AVWEB.COM Van’s Aircraft says 65% of customers have agreed to pay more for their kits and more than 100 of those kits have now been shipped. The company, which went into bankruptcy a month ago, says it’s... 2
RFguy Posted January 22, 2024 Posted January 22, 2024 so what do the other 35% who do not agree to pay more do ? 1
rodgerc Posted January 22, 2024 Author Posted January 22, 2024 They become unsecured creditors and wait in line with all the other creditors for a refund. 1
Flightrite Posted January 23, 2024 Posted January 23, 2024 The “gun to the head” mentality is working well!🤮
facthunter Posted January 23, 2024 Posted January 23, 2024 Chapter 11 allows you to trade out of an otherwise "Bankruptcy" situation. I think it has something going for it as the "lesser of two evils" . Nev 1
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