Hobbico / Great Planes Files Chapter 11 Bankruptcy- Do you care? More articles by Derek Buono » Written by: Derek Buono

On January 10, 2018, Hobbico filed for Chapter 11 bankruptcy protection and announced the company is for sale. On April 13th, Horizon Hobby acquired control of most Hobbico RC brands & IP (excepting Great Planes Manufacturing).

Hobbico files for Chapter 11 Bankruptcy. Started by WoodiE; Jan 10, 2018; Replies: 15. Oct 20, 2019 Hobbico also went bankrupt shortly after with Team Durango and dozens of other small brands going away as well Hobbico was chopped up A table of creditors' committee professional retentions in key bankruptcy cases dating from January 2017 through present. Cases are sorted by industry, ARRMA, along with dozens of other companies who rolled up under Hobbico would go bankrupt and ultimately get chopped up and sold to multiple buyers. Jun 18, 2018 HOBBICO, WHICH OWNS REVELL filed for bankruptcy early in 2018.

Hobbico intends to use the bankruptcy filing, and possible sale of the business, in order to reduce debt, to restructure liabilities, and attract new investors, positioning the company for future growth. The company carefully evaluated this, as well as a number of other actions, but ultimately decided this was the best path forward. On January 10, 2018, Hobbico filed for Chapter 11 bankruptcy protection and announced the company is for sale. On April 13th, Horizon Hobby acquired control of most Hobbico RC brands & IP (excepting Great Planes Manufacturing). Also on Monday, a bankruptcy judge approved a separate $7 million sale of Hobbico’s Colorado-based model-rocket subsidiary, Estes, to an organization called The Langford Group. An auction for Hobbico’s remaining assets — including United Model, Revell US and Revell Germany — was temporarily suspended last week. Hobbico is asking a bankruptcy court judge for approval to convert the case from Chapter 11 to Chapter 7.

HOBBICO, WHICH OWNS REVELL filed for bankruptcy early in 2018. So what is happening with the Hobbico plastic kit brands?

Jan 10, 2018 In case anyone doubts how serious the downturn in the hobby is. Yes, I worked at Horizon. Yes, Hobbico was our main competitor. But as

The bankruptcy of Hobbico has led to Revell's assets being bought by the German investment group Blitz, which also bought Hobbico Germany, reports Scale Auto magazine. All Revell US operations ceased on Friday, April 13.

2018-01-15

Kaufberatung Traxxas From Claire's to Sears, here are the businesses that filed for bankruptcy this year. The new owner plans to retire the name “Hobbico” and continue producing Mar 14, 2021 HighPoint Resources Corp. filed for bankruptcy, setting in train a process that will result in the Denver-based shale oil producer being acquired Hobbico seeking a buyer as it … Here's the scoop from the Champaign-based newspaper, the News Gazette: “A bankruptcy court judge approved Horizon Nov 14, 2019 HRI Holding Corp., which includes Leawood-based Houlihan's Restaurants Inc., filed for Chapter 11 bankruptcy Thursday.

Yesterday (3/12/2018) Hobbico petitioned the Federal Bankruptcy Court to allow it to auction itself and it's assets on March 26th, 2018.
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18-10055 (kg) jointly administered notice of auction date, sale hearing, and certain related deadlines related to the global revell lot, the revell germany lot and any non-conforming lots or remnant assets Hobbico intends to use the bankruptcy filing and possible sale of the business to reduce debt, restructure liabilities, attract new capital investment and position the company for future growth.

The RC community, while small, is a very tightknit industry. The Hobbico team are close friends of ours, and like most friends do, we support them.
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Apr 16, 2018 The bankruptcy of Hobbico has led to Revell's assets being bought by a German investment group, listed in court documents as Blitz 18-313.

Hobbico said its problems come from a growing competitive market and they’ve had issues with suppliers. Last week they shut down the office in Reno, Nevada. Also on Monday, a bankruptcy judge approved a separate $7 million sale of Hobbico’s Colorado-based model-rocket subsidiary, Estes, to an organization called The Langford Group. An auction for Hobbico’s remaining assets — including United Model, Revell US and Revell Germany — was temporarily suspended last week.

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CHAMPAIGN — Hobbico filed for bankruptcy protection Wednesday, which could result in 332 layoffs at its Champaign facility. In a statement, Hobbico said that it plans to sell the company and will

Let me start off by saying that our sister company, AtlantaHobby.com has done business with Hobbico for many years. The RC community, while small, is a very tightknit industry. The Hobbico team are close friends of ours, and like most friends do, we support them.