Hobbico was once one of the largest employers in Champaign. Hobbico went bankrupt in 2018 and is no longer in business. Horizon Hobby acquired some of

Apr 19, 2018 Hobbico, the owners of several hobby brands has been broken up and the On April 3, 2018, a bankruptcy judge approved the sale of Great

The website hobbico.com redirects to Horizon's website, where a note welcomes Hobbico customers. 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. The Illinois offices were closed and 15 people lost their jobs.

Now, many of Hobbico's remaining employees are seeking new jobs because their future with Hobbico is uncertain. 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 filing and potential sale also aim to preserve Hobbico’s industry-leading business, including allowing the Company to invest in new products and continue supporting all of its customers and 2018-01-10 · If in the course of the bankruptcy, Hobbico can demonstrate that they can make changes that will enable them to make the payments, the creditors may be willing to accept less to at least get is owed, and Hobbico would stay in business. If it looks like Hobbico won't survive, most likely the businesses that make up Hobbico, will be sold off. Hobbico, Inc. Files Petition for Chapter 11 Relief and Pursues Sale of Company CHAMPAIGN, Illinois. – January 10, 2018 – Hobbico, Inc. ("Hobbico" or "the Company") announced today that it has filed a petition for relief under Chapter 11 of the United States Bankruptcy Code while it seeks an orderly finalization and implementation of its comprehensive restructuring plan.

The filing and potential sale also aim to preserve Hobbico’s industry-leading business, including allowing the Company to invest in new products and continue supporting all of its customers and Hobbico Files For Bankruptcy, Possibly Sell Company.

2018-04-16

Jan 11, 2018 CHAMPAIGN, Ill. – January 10, 2018 – Hobbico, Inc. (“Hobbico” or “the Company ”) announced today that it has filed a petition for relief under Jan 11, 2018 Great Planes/Hobbico sent a recent press release with their Chapter 11 filing. Does this matter to you? Yes and no. If I was to be honest both Jan 10, 2018 Hobbico has filed for bankruptcy on Wednesday and is now selling the company.

2018-03-30

Model Minutes Leduc 22 Build, Part 8, Rear Fins; Launch! Orlando R.O.C.K., January 6, 2018 in the united states bankruptcy court for the district of delaware in re: hobbico, inc., et al.,1 debtors. chapter 11 case no. 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 filing and potential sale also aim to preserve Hobbico’s industry-leading business, including allowing the Company to invest in new products and continue supporting all of its customers and Hobbico files for bankruptcy.

Horizon Hobby acquired some of 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 Jun 30, 2018 Hobbico files for Chapter 7 bankruptcy, beginning liquidation process CHAMPAIGN — After selling most of its assets, Hobbico has filed for Bankruptcy, Restructuring & Workouts. There is no substitute for experience when it comes to helping companies in financial distress. We have successfully Patrick Maxcy practices in Dentons' Restructuring, Insolvency and Bankruptcy assets from bankrupt toy distributor Hobbico in a Section 363 sale transaction.
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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 On January 10, 2018, Hobbico, Inc., Estes-Cox Corp., Axial R/C Inc., Great Planes Model Manufacturing, Inc., Revell Inc., Tower Hobbies, Inc., and United Model, Inc. filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. CHAMPAIGN, Ill. (WCIA) — It’s the end of the road for dozens of former Hobbico employees, and some are livid. Yesterday Horizon Hobby’s takeover of the bankrupt company sent many packing.

Hobbico of Champaign, Illinois, one of the largest hobby product distributors in the U.S., filed for Chapter 11 bankruptcy protection on Wednesday (Jan. 10) and is looking for a buyer.
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Hobbico, the Champaign, IL company which owns Estes Industries (along with a large number of hobby outfitters), is filing for Chapter 11 bankruptcy, and layoffs may begin in April, according to an article on the Champaign News-Gazette website. I do not know what this means for the future of Estes (though I have read a lot of speculation online), but I am quite concerned.

5. Jan 31, 2020 with this Court for relief under chapter 11 of the Bankruptcy Code (the Rentech WP US, Inc., Hobbico, Inc., VER Technologies Holdco LLC, Most people who file for Chapter 7 bankruptcy don't turn over any property or cash to the bankruptcy trustee appointed to administer the matter.