rpenmanparker
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Thanks.
Avoid Hudson MFG at all costs...
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F-111 John
Member
From The Firearm Blog:
BREAKING NEWS: Hudson Manufacturing Files For Bankruptcy
Hudson Manufacturing, makers of the much-vaunted Hudson H9, filed for Chapter 7 bankruptcy on March 14th. This is, presumably, in direct response to their previously cataloged troubles. Cambridge Valley Machining has sued Hudson over unpaid debts after being contracted to machine parts for them.
CHAPTER 7 BANKRUPTCY
There are several different types, or chapters, of bankruptcies that individuals and companies can file for. Hudson has filed for Chapter 7 bankruptcy, meaning that they have chosen to liquidate all their assets to absolve their debts.
There are some interesting titbits in Hudson’s filing. First, their estimated assets are less than $50,000 USD. However, their liabilities are somewhere between $10 million and $50 million dollars. In fact, according to the filings, Cambridge Valley Machining might not even be their largest creditor. While estimates of how much Hudson owes Cambridge Valley vary, the value is certainly more than $500,000, and probably under $1 million. That leaves at least $9 million in debt unaccounted for, and possibly as much as $49 million. Their list of creditors spans 18 pages.
WHAT COMES NEXT
Hudson Manufacturing will go through the bankruptcy process. Excluding any assets that Hudson petitions to be labelled as exempt, everything will be sold off. For those customers who’s guns are currently in Hudson’s possession for warranty service or what-have-you, I don’t know what will happen. Technically they are not Hudson’s property and should be exempt from the sell-off. However, due to Hudson’s financial woes, it is unlikely they have the money to pay to ship them back to their owners.
As I mentioned in my previous post, there is currently an ongoing effort to create a class-action lawsuit against Hudson. It is catalogued at H9owners.com. At the time of publishing Josh Supnick, the creator and initiator of the lawsuit has not yet replied to a request for comment. Hudson Manufacturing’s website is still active, but their email addresses return an undeliverable error, and could not be reached for comment. The article will update as more information becomes available.
Source
BREAKING NEWS: Hudson Manufacturing Files For Bankruptcy
Hudson Manufacturing, makers of the much-vaunted Hudson H9, filed for Chapter 7 bankruptcy on March 14th. This is, presumably, in direct response to their previously cataloged troubles. Cambridge Valley Machining has sued Hudson over unpaid debts after being contracted to machine parts for them.
CHAPTER 7 BANKRUPTCY
There are several different types, or chapters, of bankruptcies that individuals and companies can file for. Hudson has filed for Chapter 7 bankruptcy, meaning that they have chosen to liquidate all their assets to absolve their debts.
There are some interesting titbits in Hudson’s filing. First, their estimated assets are less than $50,000 USD. However, their liabilities are somewhere between $10 million and $50 million dollars. In fact, according to the filings, Cambridge Valley Machining might not even be their largest creditor. While estimates of how much Hudson owes Cambridge Valley vary, the value is certainly more than $500,000, and probably under $1 million. That leaves at least $9 million in debt unaccounted for, and possibly as much as $49 million. Their list of creditors spans 18 pages.
WHAT COMES NEXT
Hudson Manufacturing will go through the bankruptcy process. Excluding any assets that Hudson petitions to be labelled as exempt, everything will be sold off. For those customers who’s guns are currently in Hudson’s possession for warranty service or what-have-you, I don’t know what will happen. Technically they are not Hudson’s property and should be exempt from the sell-off. However, due to Hudson’s financial woes, it is unlikely they have the money to pay to ship them back to their owners.
As I mentioned in my previous post, there is currently an ongoing effort to create a class-action lawsuit against Hudson. It is catalogued at H9owners.com. At the time of publishing Josh Supnick, the creator and initiator of the lawsuit has not yet replied to a request for comment. Hudson Manufacturing’s website is still active, but their email addresses return an undeliverable error, and could not be reached for comment. The article will update as more information becomes available.
Source
Last edited:
Sovblocgunfan
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Having dealt with a supplier who has shut their doors in the middle of working on some of my stuff, I can say that Hudson owners who sent their pistols back for work are pretty much hind tit in the eyes of the courts, who are the decision makers now. Everyone else has deeper pockets and thus will come first.
The only way to contact hudson will be through the court system, and you will be a very small claimaint in a very long line.
I hope the best for you, but you may find yourselves in a “cut-losses” position.
The only way to contact hudson will be through the court system, and you will be a very small claimaint in a very long line.
I hope the best for you, but you may find yourselves in a “cut-losses” position.
Dustbowl
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I’ve done bankruptcy liquidations, nobody is getting money back and nobody is getting a gun back. At this point whomever steps up to claim their debt first gets a cut and everyone else is outta luck. And if there are 18 pages of creditors, probably only half a page will see anything from this. They’ll probably sell the returned guns in the liquidation auctions as they are on site. Hudson probably stole whatever they could from their manufacturing plant and left the junk. I hate to say it but there are no winners here except Hudson who’ll get out from under most of their debt and liability.
Lucky Derby
Member
Wow. Glad we never even had one come through the shop. Had one regular customer who was interested in one. Don't know if he got one elsewhere.
Coal Dragger
member
I would suggest that any Hudson owners who don't get their pistol back to file a police report for stolen property.
That would be a waste of resources. unfortunately they are going to be left with little recourse. The ones that still have working guns, or broken FP's, need to get with a machine shop to replicate the FP or just use it as a wall hanger. Sucks for sure...
Mizar
Member
Just my 2 cents - replicating the whole firing pin would be expensive I think. But micro-welding and machining the FPS notch might be an option.
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