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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:21 PM Original message |
What happens to my Warranty if a company goes bankrupt? |
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kiva (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:23 PM Response to Original message |
1. Yes, please, I'd also like to know this. n/t |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:25 PM Response to Reply #1 |
4. I feel if said company goes bankrupt and they don't honor the warranty |
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Taverner (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:23 PM Response to Original message |
2. It goes bye bye |
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youthere (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:24 PM Response to Original message |
3. You're screwn. |
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ben_meyers (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:25 PM Response to Original message |
5. It would depend on what a bankruptcy court decides |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:26 PM Response to Reply #5 |
7. I will be returning the car to the dealerships door step if this happens. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:27 PM Response to Reply #7 |
11. It will be an empty building |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:38 PM Response to Reply #11 |
23. I am afraid you are correct. |
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T Wolf (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:59 PM Response to Reply #7 |
29. Return the car, at a high rate of speed, to the dealership OWNER's home. Right through |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 01:01 PM Response to Reply #29 |
30. Nice, I will see a Psychologist prior to taking your advice, LOL. |
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TechBear_Seattle (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:26 PM Response to Original message |
6. It depends on who is responsible for the warranty |
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firedupdem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:26 PM Response to Original message |
8. I think it would be no good at all. If there are no more suppliers |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:33 PM Response to Reply #8 |
15. It has angered me too. Money for Bank, no problem. Money for the rest of us, big problem. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:26 PM Response to Original message |
9. s.o.l...unless a secondary insurer takes over the warranty..n/t |
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riqster (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:26 PM Response to Original message |
10. BOHICA nt |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:31 PM Response to Original message |
12. Nothing in ch.7. In Ch.11 it depends |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:32 PM Response to Reply #12 |
13. In a Chapter 11, the automakers will undoubtedly back the warranties |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 05:06 PM Response to Reply #13 |
35. The more important question is whether a Chapter 11 would turn quickly into a Chapter 7. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 06:06 PM Response to Reply #35 |
36. Implicit in this whole scenario is that feds would supply the financing. |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Sat Dec-06-08 12:01 AM Response to Reply #36 |
37. Yes, I know. After yesterday's show in the Senate, I'm not sure that |
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kiva (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:34 PM Response to Reply #12 |
17. Thank you. n/t |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Sat Dec-06-08 04:22 PM Response to Reply #17 |
38. You're welcome! n/t |
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TahitiNut (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:33 PM Response to Original message |
14. More interesting would be how Recalls would be handled. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:34 PM Response to Reply #14 |
16. A bankruptcy opens up such a big can of worms. |
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hoplophile (72 posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:35 PM Response to Original message |
18. Absolutely nothing. Good luck finding a dealer to honor it though. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:36 PM Response to Reply #18 |
21. This is my fear. |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:41 PM Response to Reply #18 |
26. Thats actually an interesting point |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:35 PM Response to Original message |
19. Your warranty is a contract, and as such, will be voided. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:36 PM Response to Reply #19 |
20. Then dropping the car off at the dealership door should be an option too. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:39 PM Response to Reply #20 |
24. If you want to be sued it would. Your note would be sold on in a Chapter 7... |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 01:12 PM Response to Reply #20 |
31. They separate their warranty obligations from your duty to pay for the car. |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:38 PM Response to Reply #19 |
22. Not true. A Debtor (and a TIB) have the power to Assume, Reject, or Assign |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:39 PM Response to Reply #22 |
25. I hope you are correct. We took the 100,000 mile warranty because of all the power options. |
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yodoobo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:43 PM Response to Reply #25 |
27. Who did you buy that 100,000 mile warranty from? |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 12:44 PM Response to Reply #27 |
28. Saturn offers that warranty. |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 04:52 PM Response to Reply #25 |
32. Please don't rely on that. You'll probably be disappointed. |
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SmileyRose (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 04:54 PM Response to Original message |
33. If GM continues in any fashion they will honor your warrantee |
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MiniMe (1000+ posts) Send PM | Profile | Ignore | Fri Dec-05-08 04:57 PM Response to Original message |
34. If they go out of business completely, you're SOL |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Sat Dec-06-08 04:29 PM Response to Original message |
39. a lot of chryslers now come with lifetime warranties... |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Sat Dec-06-08 04:56 PM Response to Original message |
40. how such obligations are handled is part of the terms of the bankruptcy |
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