Posted by jimg.allentown on February 25, 2014 at 18:52:25 from (98.115.105.174):
In Reply to: What would you do.... posted by oldtanker on February 25, 2014 at 10:11:36:
What would I do you ask? For starters, I would probably not be too concerned. This would not be a major issue regarding my equipment - even if I was 100% barrelled into Titan on equipment. Bankruptcy is a long and drawn out process. Going directly to liquidation is very unlikely. Most likely, the first step for them is filing for chapter 11 protection from creditors. Many large companies have gone into chapter 11 and have come out of it as well, and as better, stronger companies. In any case, there are, and will continue to be, many spare parts in warehouses and service depots. Then there is the aftermarket. Most critical parts are available in the aftermarket, and will continue to be available for as long as there is a demand for them. Having said all of this, I can say that what I would do is to lean back in my easy chair, yawn, and change the channel. Business as usual.
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