I'm not looking to spread rumors. I love Roscoe basses. Just looking to see if anyone has heard anything about this? My friend sent me this article.
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Roscoe filed for Chapter 11?
- Thread starter 5fingerfrenzy
- Start date
Well the article says they filed Ch.11 so that’s reorganization not liquidation, meaning they are still in business but working with their creditors. Their website is still operating too and looks like business as usual.
They're still actively taking orders and producing basses.
Chapter 11 restructures debt, it doesn't mean they're going away.
Chapter 11 restructures debt, it doesn't mean they're going away.
Sounds like everybody on TB needs to go and order a new Roscoe. Come to think of it, I don't have one of those yet.
I hope they can weather the process. They are a quality company and they stand by their product.
Doc, one of my two times owning a Roscoe bass it was a new instrument. An otherwise high end, sonorous, and beautiful bass, it had a fundamental flaw in its build geometry. My experience of dealing with the company in that event was that the people were nice, but ultimately they were unable to fix the flaw completely and were content to leave it at that.
Based on that experience: whereas I don't wish them ill, I have not considered buying their basses since; and I cannot corroborate your statement. Yet at the end of the day I wish them good luck.
I'm sorry to hear this. While Chap. 11 is better than a Chap. 7 filing, it's still no picnic. Businesses can have problems raising capital and obtaining loans, which can make life very difficult. That's particularly true for small businesses. I wish them the best.
I’m a huge fan of Keith and his basses but I have heard stories recently of lots of people receiving instruments from him with electronics issues, I did as well with a Roscoe classic. Wondering if this is a sign that they are nearing the end……sad because at one point it seemed they were at the top of the mountain.
Having several Roscoe builds, I'll vouch for them and corroborate your statement. Their basses are great sounding and playing, and my customer service experience with them has been stellar. I have owned several LGs, SKBs, and Centuries, all which are Roscoe original designs, and they have been of the best basses I have had privilege of owning. My experience includes 5- and 6-string fretted and fretless basses, with headless and traditional headstocks.
Head over to the Roscoe club thread to find many supporters, and Facebook for Roscoe's page, The Real Roscoe Guitars.
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I have four Roscoes so I hate to see this. My Dingwalls get most of my playing time these days but I know for sure there is no better parallel fretted bass than a Roscoe.
It's my understanding that some wiring issues were related to ongoing Covid-related staffing shortages. They were looking for a wiring tech a while ago, and more recently.
Roscoe is known for allowing customers to specify almost any pickup/preamp/wiring set up they want. There is no standard electronics package for their basses. This challenging situation is exacerbated in an environment of staffing shortages currently apparent in many industries across the country and world, and is further compounded by supply-chain shortages. Supply-chain shortages limit prewired harness availability, as well as individual parts.
PS @tleebassist11 : One of my favorite Roscoe clips was one you once had posted on YouTube. You were playing a blond 6-string fretless Roscoe Century? on your solo cover version of Teen Town. Smokin' playing and bass tone : )
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Well...Have never played one of these, but have admired them from afar - A lot of design choices I like, particularly the 3-piece necks. That said, in a Chapter 11, anything could happen. Best outcome - renegotiation of debt, and present owners/managers remain in place, but probably with a new ownership position driving the train. But more likely that someone buys the business or the assets thereof, on a "free and clear" basis (and the old crew is most certainly ditched). Worst still, the Chapter 11 could fail, and the case converts to a Chapter 7 liquidation. And none of these outcomes will likely be good for folks with warranty claims.
Might as well keep things positive, viewing Chapter 11 for what it is: debt restructuring, and protection for the company as they continue their business. And, they are at the very beginning of a process that will be worked out over time. Speculation beyond this is pure conjecture.
Right. Then in 18 months we can start another sticky at the top of this forum of all the TBers waiting to hear back about their bass they ordered XX months ago with no replies.
@staccatogrowl you are right bro, there are many factors involved and I don’t mean to downplay Keith and his crew in any way because they are top notch!!! Thanks for the kind words
Wishing the Roscoe team the best in the coming year!
Best wishes to everyone involved for a return to successful operations. These are challenging times to run a small business.
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