Audio Research in Receivership.

This is a receivership, not bankruptcy.   And what it really means in a nutshell is that the creditors with secured loans are not very happy (most likely delinquent payments) and the actual management of ARC will now be taken over by the Receiver.   It would make no sense for the receiver to liquidate ARC's critical infrastructure unless things are totally desperate.  Remember, receivership is an action taken by the creditors, not ARC.  If ARC needs to protect themselves from the creditors, then they would be filing Chapter 11.  Which is really a whole different (although often interrelated) thing.....

If I recall correctly, W Z Johnson had a difficult time getting the right price to surrender his interest in the company and that initial buyout put ARC in an upside down position from that date forward. A great company---I have an all ARC system and respect the badge immensely--- I hope that a well financed savior who understands the audio market can take them out of the hole and deliver them up to where they deserve to be.

co93

... receivership is an action taken by the creditors, not ARC ...

That is mistaken. In fact, based on the court filings, it may have been a surprise to the bank that this filing was made. (Although, given Suggs' delinquency, it shouldn't have been a total surprise.) The bank’s filings suggest its claim is with Suggs and his private company, not ARC.

I think one option could be a spinoff. I have no idea what IP and patents they have, but this is such a complex science, and partly art that an amp company has two great assets: the engineers and the process. Minneapolis is the birthplace of so many inventions and innovations, the culture is there, they just need proper management.