Originally Posted by Mike70560
Originally Posted by Stormin_Norman
Too bad, but it happens. GW is broke and WF want's what they can recoup. It sounds like WF isn't the only one standing in line.


Wells Fargo may not be the only one in line but they will be first, I am quite certain they are a secured creditor.

Some vendors will eventually find out the worth of a personal guarantee.

Not a long range hunter, have no clue was caused them to get to this point, but I hate to see us lose a gun company and a lot of vendors will be hurt if the bankruptcy moves forward.



You may be right, but I bet the gov't will be absolutely first in line, since GW collected sales tax and did something with it other than forward it on to big brother. They don;t like that crap. WF will be next in line, and everyone else after that. Any other creditors will get pennies on the $$$, if anything at all after the first two lienholders get through with GW. All Davidson has to do is file personal bankruptcy to get out of the personal guaranty situation. If they file bankruptcy under thieir business, then personal guaranties still apply.

Last edited by JGRaider; 05/21/20.
It is irrelevant what you think. What matters is the TRUTH.