• TalkBass has been independent since 1998. Add your voice.
    Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
    Join free Log in
    Want zero display ads or expanded classifieds tools? Compare plans.

Modulus Guitars LLC

#5
evilchuck87 said:
This has been mentioned already in Mob thread, I don't see the need for this to be a new thread. Like Jesus, Modulus will be resurrected. Mark my words :)
Click to expand...

Ahhh, another member of the thread police?

Let me explain a need that YOU don't see but I and others do. Not all of the many thousands of members of TB are members of, nor do we frequently view, the Modulus Mob thread. I know that may be surprising, but I have a limited amount of time to peruse the Board every day, and that's simply one thread I don't typically click on to view it very often.

Notwithstanding, I happen to really like Modulus basses, have owned a few and I am saddened by their financial troubles and apparently imminent departure from the bass scene after so many years making awesome instruments.

So Jauqo, thanks for sharing this in a separate thread as I and many others would not have otherwise known of this newsworthy information.

As far as Modulus rising again, it doesn't seem likely that will happen, at least not as Modulus Guitars, LLC. They have filed a Chapter 7 Petition under the Bankruptcy Code. Filing under Chapter 7 means the company is seeking total liquidation of all assets. This, as opposed to filing under Chapter 11 or 13, where a reorganization of the company with concessions from creditors so the company can keep going, basically means everything is sold off and the creditors split the proceeds ( not always evenly) and the company is dissolved.

So something might arise from the ashes, but it won't be Modulus LLC. That makes me sad.
 
#9
guy n. cognito said:
http://www.talkbass.com/forum/f8/modulus-still-business-968185/index25.html#post14852024

This information has been on the internet for a couple of months now, both on this site and on several FB groups.
Click to expand...

Really, I don't recall a link to the filing of a Chapter 7 Petition. It seems to me this is the first actual affirmation of the legal course being taken by the company. That entire thread you linked was a thousand posts of speculation as to the outcome.

Jaqo's link in this thread is the first time I've seen anything dispositive of that outcome.
 
#10
BuffaloBob4343 said:
Really, I don't recall a link to the filing of a Chapter 7 Petition. It seems to me this is the first actual affirmation of the legal course being taken by the company. That entire thread you linked was a thousand posts of speculation as to the outcome.

Jaqo's link in this thread is the first time I've seen anything dispositive of that outcome.
Click to expand...

http://www.talkbass.com/forum/f8/modulus-still-business-968185/index26.html#post15307937

Sure you read that thread?
 
#18
#19
BuffaloBob4343 said:
Again, another add to a two month old thread full of speculative posts l that I would be not have bothered to follow after the first few posts.

What Jaqo's post did was elevate this to a level of visibility that those of us who are not searching Modulus demise threads are actually informed. Thanks again Jaqo and beware the thread police. They're coming to get you!
Click to expand...

8 posts, to be exact. ;)

It's been quite visible for some time now, but I suppose another thread about it can't hurt.
 

Latest posts

Top Bottom
Back