They filed Chapter 7 which means shut-down and liquidation. Selling all assets.
If anyone wanted to open a tech shop-like facility, buying out a dead shop for 10 cents on the dollar seems a good way to get started. To an outside observer it might look like the shop simply moved down the street and down sized but legally it would be a new startup business even if many of the same employees moved too. In Chapter 7, I think even the name of the business could go up for sale. So they could even buy the storefront sign. That said, I'd sure hate to have to compete with a non-profit member owned maker space. On Sun, Nov 19, 2017 at 6:29 AM, Eric Keller <[email protected]> wrote: > I'm curious how he can do this since they went into bankruptcy. Seems like > the trustee would stop or reverse any such takeovers. The Pittsburgh > techshop was one of the first to announce it was closing. There is a > startup maker space that was in talks with them to buy the equipment, I > dont' think that got completed before the announcement though. And I > wonder if a bankruptcy trustee would stop it. Then again, it might be the > best way to get money out of the tools, they don't usually go for that much > at auction. > > > On Sat, Nov 18, 2017 at 11:10 PM, Jon Elson <[email protected]> > wrote: > > > Update, Jim Mckelvey, of Square fame, will be keeping the St. Louis Tech > > Shop open, and moving it to a new space when he finds a good location. > > Hopefully, some others can do the same for other branches. > > > > Jon > > > > ------------------------------------------------------------ > > ------------------ > > Check out the vibrant tech community on one of the world's most > > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > > _______________________________________________ > > Emc-users mailing list > > [email protected] > > https://lists.sourceforge.net/lists/listinfo/emc-users > > > ------------------------------------------------------------ > ------------------ > Check out the vibrant tech community on one of the world's most > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > _______________________________________________ > Emc-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/emc-users > -- Chris Albertson Redondo Beach, California ------------------------------------------------------------------------------ Check out the vibrant tech community on one of the world's most engaging tech sites, Slashdot.org! http://sdm.link/slashdot _______________________________________________ Emc-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/emc-users
