Login
or
Register
Subscriber & Member Login
Login, or register today to interact in our online community, comment on articles, receive our newsletter, manage your account online and more!
Login
Register
Home
»
Model Railroader
»
Forums
»
General Discussion (Model Railroader)
»
Roco files for bankruptcy
Edit post
Edit your reply below.
Post Body
Enter your post below.
Bankruptcy (or "Insolvenz" in German) means that a company declares in court that it is no longer able to pay its creditors. A specialized bankruptcy lawyer comes in and evaluates how much is left to pay off the crooks err... banks and miscellaneous others the company owns money. A deal can be negotiated that says that everybody waives some of their claims, so the company can go on with its business. Should such an agreement not be reached, the insolvency lawyer would try to sell off all that is left, stocks, factory, company cars, all, (deduct his fee), pay preferred lawyers such as pension funds and health insurance, the IRS and the outstanding wages first - IF there is enough money - and then - IF there is still enough left - divide the rest up and hand some of the small change out to every debtor. This is how it works in Germany, although it won´t be very much different in Austria where Roco is from. <br /> <br />Roco´s models were imho fine, but their pricing got out of hand over here. On some rolling stock, there was an increase in prices of 10% annually without any alterations or mdifications to the models. <br /> <br />I wonder what Athearn Genesis will put into their fine SD70MACs in the future - these were driven by the Roco 5-pole motor, one of the finsest motors around.
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Subscriber & Member Login
Login, or register today to interact in our online community, comment on articles, receive our newsletter, manage your account online and more!
Login
Register
Users Online
There are no community member online
Search the Community
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Model Railroader Newsletter
See all
Sign up for our FREE e-newsletter
and get model railroad news in your inbox!
Sign up