TalismanRich
Well-known member
First it was G&L/BBE sound closing up shop. Now another prominent company has filed for bankruptcy.
Armadillo Enterprises, parent company of Dean Guitars, has filed for Chapter 11 bankruptcy, following a turbulent few years for the company. This not as severe as G&L's Chapter 7 filing, which is a total dissolution of the company. Chapter 11 is a filing for reorganization. However, they list $1-10 million in assets, and liabilities of up to $50 million. That's a pretty steep mountain to climb.
Armadillo isn't just Dean guitars. They also have Luna guitars, and DDrum. Luna makes acoustic guitars, ukeleles, mandolins, banjos etc. Besides normal drums, Ddrum also makes electronic drums and modules, and amps/speakers for PA use.
Armadillo Enterprises, parent company of Dean Guitars, has filed for Chapter 11 bankruptcy, following a turbulent few years for the company. This not as severe as G&L's Chapter 7 filing, which is a total dissolution of the company. Chapter 11 is a filing for reorganization. However, they list $1-10 million in assets, and liabilities of up to $50 million. That's a pretty steep mountain to climb.
Armadillo isn't just Dean guitars. They also have Luna guitars, and DDrum. Luna makes acoustic guitars, ukeleles, mandolins, banjos etc. Besides normal drums, Ddrum also makes electronic drums and modules, and amps/speakers for PA use.