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Kirkham Motorsports

 
 
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  #11 (permalink)  
Old 02-22-2009, 08:41 PM
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Join Date: May 2006
Location: Manteca, Ca.
Cobra Make, Engine: None, sold it
Posts: 2,439
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Wreckerboy,
1st, I was questioning Scarey59. One moment he is sounding like he is saying he is sol and the next he feels that there is still hope.
From the post that is said to be an e-mail from Don on the CRII web site, CRII is now bankrupt and no one is getting anything. I do not know if that e-mail (from Don) is true or not.

****This post is from the CRII forum from a 1st time poster. ****
Bankruptcy letter i recieved from Don

"It saddens me deeply to have to write this letter to everyone but after 2 years of unsuccessful attempts to sell Classic Roadsters I have had no choice but to file Bankruptcy. I appreciate the patience and understanding that everyone has given me and I tried my best to keep the company going and do what was right for each one of you.

My bank is the lien holder of all assets in the corporation and everything has been turned over to them. There is nothing left. I am truley sorry for the losses that people have incurred and had hoped to be able to give something back. I am on a 5 year repayment plan under the bankruptcy and those monies will go to the unsecured creditors first. Since the company was turned over to the bank any money they get from the liquidation will go towards paying that debt.

I have understand that we are all in a troubled economy right now. I spent 20 years of my life dedicated to the industry that i love and I walk away with nothing but good and bad memories. Please understand that I did not profit from your loss. In this situation I was able to keep my home. Everything else has been sold or forfeited including business and personal property. I have nothing left. My hope and prayers are that each one of you will recover from your losses and forgive me for not delivering on my promises." *****


That same bashing has been going on for over a year now. As I said before, I have no dogs in this fight. I am owed nothing, thank goodness. I know a lot of people are and that really sucks.
That said, if I was owed anything like some people (I.E. "thousands") I would not be happy either.
We are a tight CR group here on CC. So, if there is anything that I/we can do for anybody, just ask.

Terry (from Calif)

Last edited by tcrist; 02-22-2009 at 08:47 PM..
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