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Tools and Woodworking Mainly for general woodworking questions and comments you may also come here to ask questions, get advice and share your experience with power tools.


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Old 10-25-2007, 12:08 PM   #11
Joe Lyddon
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Quote:
Originally Posted by challagan
Chapter 7 also applies to the corporate world. This shows how it works:

http://www.investopedia.com/articles/01/120501.asp

Corey

Very good Corey...

I think you've really Nailed it!
Thank you!

Now, let's hope they "Make it".
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Old 11-18-2007, 02:48 PM   #12
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Quote:
Originally Posted by jennofarc
Don't know if you guys heard this yet, found it on Woodworkingonline(dot)com

Bench Dog Files Chapter 11 Bankruptcy
§ by Randy Maxey on October 24th, 2007

Well, I’ve been hearing rumors for quite some time that Bench Dog was having financial difficulty. It’s been confirmed from this listing in the Minneapolis/St. Paul Star Tribune. Bench Dog filed for Chapter 11 bankruptcy last July:

Bench Dog Inc., 3310 NE. 5th St., Minneapolis; filed July 27, 07-42546; Chap. 11; …

I’ve always liked Bench Dog’s products. Though their products aimed for the “higher end” of the market, I think their designs are innovative and well thought out.

So, what’s the future of Bench Dog and their products? Rumor on the street says that Bench Dog or at least a portion of their product line has been purchased by another well-known woodworking catalog supplier. As soon as we can confirm or deny any of this, we’ll post it here. Let’s hope they can get back on their feet or that someone will carry on the tradition of great woodworking products.
===========================================
This appears to be a rewrite of the other article... which one came first?
I think this is the 2nd article.
===========================================

http://www.woodworkingonline.com/?s=bench+dog


Bench Dog Emerges from Chapter 11 Bankruptcy
§ by Randy Maxey on October 24th, 2007

Well, I’ve been hearing rumors for quite some time that Bench Dog was having financial difficulty. It’s been confirmed from this listing in the Minneapolis/St. Paul Star Tribune. Bench Dog filed for Chapter 11 bankruptcy last July:

Bench Dog Inc., 3310 NE. 5th St., Minneapolis; filed July 27, 07-42546; Chap. 11; …

I’ve always liked Bench Dog’s products. Though their products aimed for the “higher end” of the market, I think their designs are innovative and well thought out.

So, what’s the future of Bench Dog and their products? When I contacted Bench Dog, here is the response from Cliff Smith, former CEO:

“As you may know, on July 27, Bench Dog, Inc. filed for Chapter 11 Bankruptcy protection. On, Monday, October 1st the company emerged from bankruptcy as Bench Dog Tools, Inc. Rockler Companies is financing the reorganization and providing product development support to further the Bench Dog Brand. Bench Dog Tools will operate as a standalone entity with independent staff at the existing facility. The relationship with Rockler Companies will be transparent to our customers and consumers.

“The company will continue to design, develop, and distribute premium specialty tools and power tool accessories for the woodworking and home improvement markets. We have and will continue to fulfill orders to Lowe’s in a timely fashion.

“As you may know, I served as the CEO of Bench Dog, Inc until September 2006. Bench Dog Tools retained me to enhance customer relations, expand the Bench Dog brand and ensure consistent order fulfillment. I am once again committed to getting Bench Dog Tools on a fast track to success. Brian Kramer will continue to provide customer service support to our retailers and consumers.”

Let’s hope they can get back on their feet and carry on the tradition of great woodworking products.

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Old 11-18-2007, 04:08 PM   #13
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