You don't know that. There are issues other than legal issues at stake. If Remington does burn warranty/repair customers, that would be yet another shot to the head of the company. IF Remington receives strong leadership, such customers will be WELL taken care of. The courts are not going to micromanage this.
I suspect there are a number of distributors that would VERY MUCH like to have their sales contracts evaporate with a number of gun makers -- probably ALL of them. There's no shortage of product. Remington will not be prevented from booking new orders under C11.
Your former vendor that couldn't ship on time was not due to C11.
I don't think you understand. I do know that, and have seen it happen more than once. Chapter 11 is
only about money, and how much is owed to whom and when it is due. There is no consideration given to anyone who is not part of the filing process. The "other issues at stake" are only in the eye of public perception. It does not take into account anything about previous quality issues, warranty work, poor prior management, employee of the month parking spots, or how many options are in the caff for lunch. The creditors don't give a crap about all of those terrible R51's Remington has in its RMA area, and don't care one bit about the public who are gonna be upset that Remington isn't going to offer a 20 gauge V3 this year. The articles all say that Remington managed to obtain a whole bunch of debt forgiveness, and Remington has debtor-in-possession financing that is allowing them to keep their doors open through restructuring. That doesn't mean their debt is wiped clean, however. That means creditors have significant liens against Remington Outdoor holdings and get to be first in line to be paid back, in terms that favor them. The court will control this so it isn't a stampede, but make no mistake about it--they will regulate in favor of those who can show those significant liens. Pre-existing warranty work on your firearm doesn't count-they'll get around to that when and if the creditors think it's appropriate to do so. While Remington remains open to do
new business (I never suggested otherwise) and try to remain solvent post-filing, the proceeds of whatever progress is made in terms of new business is shelled out immediately to the creditors who hold the liens. Any pre-filing business will still need to be carried out (that is always a requirement), but it is now going to be seen as a liability to be managed. After all, those creditors originally bought in to the Remington mess to make money. Simply being made whole will now be a poor consolation prize. Even now, credit rating bureaus are beginning to downgrade their ratings of Remington and they are stating that the risk of defaulting is inching higher. So this may be a losing battle anyway. I hope not, but it's gonna be a painful road to recovery. Yes, I know Savage (and even Ford, if I recall correctly) came out of their situation and returned to profitability, but every situation is different, and I can only hope big green can pull off a similar success.
People complained mightily when Cerberus bought Remington, automatically assuming that would be a soul-sucking experience that would reduce Remington to something significantly less meaningful than it had been for the previous 200 years. Why on earth do you think this would be any different? Of the several options available, C11 is arguably the least impactful way to "go bankrupt". But no company ever wants to be in that position unless there is no other alternative. When was the last time you saw a press release where the corporation said, "GOOD NEWS! WE'RE BANKRUPT!!"?
My vendor generally shipped on time until they began filing proceedings. Then things slowed down to a crawl. Now they won't return phone calls/emails and refuse to respond to demands for performance. After all, they have bigger fish to fry than little 'ol me. Yes. They stopped shipping to me because they filed. Make no mistake about it.