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Post Info TOPIC: humph!
shag766


FOXBORO, ONT

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Posts: 2265
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humph!
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didn't know if everybody heard this

eering Now?

 

The decision to close Keisler Engineering Inc in Chapter 7 Liquidation is covered in some detail on our Facebook page here.  Another reason why I decided to place the company into a Chapter 7 liquidation type bankruptcy was to cleanse the assets of the liabilities that were preventing the company from thriving financially as well as providing the highest level of customer service our customers deserved.  The liabilities and overhead of KE coupled with my own personal financial liabilities that lingered from the $4 Million acquisition of GM's Muncie Transmission equipment purchase in 2006 made it impossible for me to bring in financing and working capital needed to get KE operating in the "sweet spot" where orders ship 100% complete and with quick delivery.  It was time to hit the START OVER button - both for the company and myself to get out of the financial entanglements.  As of January 16 2014, that process of start over has begun.

 



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Torquewar


DORCHESTER, ONT

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Posts: 259
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Too bad about the company ,they had enginered some really nice packages.I helped a guy with a install involving a 72 Nova and there support was second to none.
Prices/shrinking hobby/bad buisness decisions....hard to say.

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sasquatch


NORTH BAY, ONT

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Posts: 3717
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A sign of the times we are in, many companies are just scratchin to stay above water.

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Fordy Acres Car Farm


DORCHESTER, ONT

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Posts: 2131
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They had also developed a new 5 speed manual transmission in the last 2 or 3 years. They were apparently made to bridge the gap between the Tremmec TKO series and the mighty T-56. They saw a few weaknesses in the TKO and addressed them with their own proprietary design. I wonder what will happen with that program?

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oldkoot


BROCKVILLE, ONT

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Posts: 655
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Keisler previously filed for Chapter 11 back in 2008, guess the chapter 7 filing is now the end for them

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