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May 12, 2009 09:32 PM
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Since the chapter 11 filing (restructuring) Monaco has since filed under chapter 7 (liquidation). The company has sold all of its assets and essentially no longer exists.
Typically when this happens to a company the obligations of the company for service warranties are purchased by a third party. Most likely the proceeds from the liquidation of the company's assets were used to fund this.
Source(s):
http://en.wikipedia.org/wiki/Monaco_Coach_Corporation
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Monaco Coach corporation is filing Chapter 11 - what does that mean for coach owners?
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| September 09, 2009 03:08 AM | view on twitter |
Typically when this happens to a company the obligations of the company for service warranties are purchased by a third party. Most likely the proceeds from the liquidation of the company's assets were used to fund this.
Source(s):
http://en.wikipedia.org/wiki/Monaco_Coach_Corporation
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