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Wurlitzer

Gibson Hits a Sour Note with Philips & Creditors

May 31, 2018 by Ted Leave a Comment

Photo of Gibson CES promoGibson, as Strata-gee previously reported, filed for bankruptcy protection on May 1st in a pre-negotiated package with principal noteholders of the company’s substantial debt – debt that was now in default. But while that deal suggested a smooth path for the case through the bankruptcy court, it did not take into account the position of unsecured creditors, and especially Philips who describes itself as the largest unsecured creditor in the matter.

See more on the discord in Gibson’s bankruptcy proceedings… [Read more…] about Gibson Hits a Sour Note with Philips & Creditors

Filed Under: Financial, Management, Manufacturers, News Tagged With: Gibson, Gibson Brands, Gibson Guitar, GSO Capital, Henry Juszkiewicz, Koninkijke Philips N.V., Philips, Tronical, Wurlitzer

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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