Got that info about ‘most’ from a lawyer who specialises in these matters, but I gladly stand corrected. Definitely not an expert myself.
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This case has a big chance of continuation
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Since someone else was ‘bought out’ when the organisation was not bankrubt, and now he wants it back when it lost a lot of value (a lot of assumptions here)
In the US ( at least ) sham bankruptcy procedures to reduce costs is illegal and for the most part prevented. ( As they should be. )
We can let the dust settle a bit.
It is not a sham bankruptcy. They were with four, one left (probably with cash), now they are bankrupt, the person who left says he wants to restart now.
Hé knows the company, he probably has some money, I think there is a chance to restart with him.
Don’t need to drag this discussion out, but that is exactly the sort of transaction that can be prohibited by US bankruptcy law.
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I understand
Let me say I hope they will go in. I love their Hr policy where they give inbound callcenter jobs to musicians, they can work from home. This supports musicians, and gives a friendly service.
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Oh wow. Just after losing GAK in Brighton too 
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Same here. Some legal forms are protected from personal bankruptcy, but not if bad business practice or management is found. The trustee can block a restart if it disadvantages creditors or if the director / board of directors is held liable for the bankruptcy.
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Ahh, a shame, till last year, once a month i was at the Goes or even sometimes at Rotterdam (i was their 3 weeks ago for getting a 8th pair of headphones 
) store. Hope they will kickstart in a good way moving forward.
I noticed lately on their shop, that they didnt had many populair gear on stock. Lots of b-stock.
Between Bax and GAK, it’s been a helluva week for music retail.
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Sometimes that’s voluntary, and sometimes that’s involuntary.
Unfortunately, this is indicative of the MI industry and retailers over the last 10-15 years where it has been a race to the bottom with constant price trashing and undercutting competitors.
The sad thing is, this has killed off a lot of smaller retailers who couldn’t survive/compete and operate at sub-15% gross profit margins.
With GAK, Brexit will have definitely had a massive impact.
One thing that has always baffled me; MAP pricing (as it exists in the US) is illegal in the EU (it’s classed as ‘price fixing’). But allowing MAP pricing in Europe would have stopped a lot of this current situation and enabled more businesses (especially smaller retailers) to exist.
It’s a sorry state that the system allows Thomann to flourish at the expense of others.
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Yeah I dont know how that kind of thing works even in the US. 23andMe went bankrupt and the co-founder Anne Wojcicki put a bid to purchase the company. I always assumed that was not legal. But i dont know anymore. The board rejected the offer though.
Not per se. It’s about the detail in the situation and the detail in the law of that country.
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Had the exact same thing. Will never buy from them again.
That and pretending to be UK based, then leaving customers to deal with unexpected import duty.
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I’m pretty sure Bax CS issues are mostly with France and UK market.
In my case, the experience was horrendous.
I managed to get reimbursed after a long time waiting. Then, out of the blue, they went awol. Their CS was nowhere to be found when my package got lost, but they managed to find my phone and threatened me.
More than 20 emails. 5 phone calls. 5 letters with increasing fees.
And no proof of any delivery, no proof of anything at all.
They had a lawyer try to intimidate me.
But in France, customer laws and associations got you covered.
Still.
I had 5 orders total with them. None arrived intact or on time.
Bax was a total let down for me.
But that’s just me.
Sad for their employees. But a bad management is toxic for any business.
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That’s bad service for sure, no doubt. Conversely, I never had any problems ordering from Bax; but as I mentioned above, I didn’t do so very often either.
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damn i didn’t realise this, it’s been there for so long