Red Trumpet still in business?

What happens to orders placed at the site? I just placed a big order Nov 4th, not knowing these facts.

Should I call AX and stop payment or does anyone know ?

Does that mean that I should cancel any outstanding orders I may have?

As a bankruptcy attorney, I can tell you that the assets of Red Trumpet would be frozen upon the filing of a Chapter 7 petition, and a bankruptcy trustee will administer the assets on behalf of the creditors of the estate. Most likely, the inventory will be sold as a whole or in "lots". If anyone is out any money, they will have to take steps through the Bankruptcy Court to file a claim and then hope that there is a recovery.

I would *definitely* call the credit card company and attempt to have them stop payment. The chances of getting anything out of the court are slim to none. Way too many vultures ahead in the pecking order awaiting to extract their pennies on the dollar.

And here's a guess: what do you want to bet a place like Music Direct is licking their collective chops in anticipation of the inventory firesale...

if what jmslaw is saying is true then instead of wishing rick flynn the best of luck we should be wishing him jail time!

how could any decent person accept payment for gear that they knew full well would never be shipped to the buyers? im not a bankruptcy expert but i refuse to believe that something like bankruptcy just sneaks up on a business & the owner didnt have some kind of idea that his customers would never get anything but still took orders & accepted payments & deposits.

i dont know about anybody else but im wishing the best of luck to the customers of red trumpet not the owner.

mike.