Saturday, May 17, 2008

Correction

Well, now the Trib is reporting that PC Club is back in business, having been bought by an outfit called NAOC Holdings. I can tell you that the stores here in Utah are open again, but I can't tell you anything else, including whether PC Laptops is actually willing to take on PC Club customers. If I were a PC Club customer, though, I'd be inquiring, because something here smells like last week's diapers. I can tell you for a fact that if you file bankruptcy, you won't get to sell out within 48 hours (If anyone has definitive word on the bankruptcy filing, I'd like to hear it. Apparently the media couldn't be bothered to check it when they reported it.). Also, it is my considered opinion that, if you're about to sell your business, you don't hang a sign in your door reading, "Sorry, we've filed Chapter 7," and you don't have your website go dark with only a "Thanks for X years of business" message.

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Thursday, May 15, 2008

PC Club Is Gone

PC Club, a computer sales and repair company with three locations here in Utah, slammed the doors shut and filed Chapter 7 bankruptcy yesterday. Chapter 7 is liquidation, i.e. "throw your empty wallet on the table and let your creditors fight over it." PC Club will not be back.

PC Laptops, as it has done for several other computer companies, has agreed to take over the warranty work on PC Club machines. Another savvy move by Dan Young; he adds another block of customers to his base.

If you have equipment at PC Club, though, you have a problem because your gear is locked up where no one's answering the phone. Get to work on this RIGHT NOW. PC Club's attorney is Robert Hsu in Pasadena, 624-584-7055, robert@rhsulaw.com. You'll probably have more success as a united front, and I'm willing to help you get in contact with one another if you contact me here or at KARife@RifeLegal.com.

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