Tag Archives: bankruptcy of a house manufacturer

WHEN A HOUSE MANUFACTURER DISAPPEARS

A Finnish log house manufacturer was declared bankrupt about two weeks ago. Restructuring efforts failed and all their assets are going to be liquidated and sold to highest bidder or bidders. They will not make any deliveries for orders that have not been fullfilled yet.

WHAT ABOUT THE CUSTOMER?

This question usually asked in the privacy of a home. Unfortunately clients are on the bottom of the chain what comes to returning any money, which is owed to them. This means that what ever money client has pre-paid is very unlikely that any of it is paid back. Show me the money.

It is probably needless to point out that the unexpected loss of the house manufacturer also means a serious dent into the construction schedule. In a situation such as that one is bound to pay more attention to double checking the background of the supplier so expect slow progress. Give me a minute.

WHAT TO DO NOW?

Every builder has checked at least two manufacturers while shopping the supplier. Now it is time to continue the project with the company that came second. Good luck.