Ya know that did cross my mind, and right now you would have the best negotiating power you ever had, but again how to value a brand that produces no product. Its almost like buying the Tucker car brand at this point.

Be clear I am not a attorney. My Bankruptcy experience is limited to collecting from defunct customers and how it works depends on a lot.

Generally the court appoints a trustee who is representing the creditors as a group trying to obtain the maximum. He’s just guy trying for the highest price and most times paid a percentage. He does have some deadlines and often late in the process assets go for pennies on the dollar. Other times the opposite. Anybody serious gets in touch and asks how he’s going to liquidate. Trustee will give you the details, that’s his job.

William

I stand corrected, and educated. Thank you for that Victor. It's particularly disappointing that Remington (RA) was able to get issued a new trademark in 2004.
I read enough of your attachment to further inflame my teeth :crying: but beyond that, Just plain quit.

Kevin McCormack and I had an interesting afternoon at Millbrook a few years ago, inspecting and test firing the new Parker Brothers, Makers over under. I was unable to shoot it, because I was recovering from or preparing for surgery, but Kevin had a good time shooting it. In the intervening years, I lost track of the project, except for going on the website occasionally. I never saw the guns again, never heard from the representatives, although I had agreed to take the gun on the road as a competitor and promoter, if that proposal appealed to them. I'm sure the gun had its positive features, but it was way too busy around the breech with pins, screws to loosen, and crevices to collect dirt and powder residue. I wonder if there are still a couple of them around for research and display?

I think you are correct in the process and had a recent client go through it and it went down as you described. I'm no attorney either.

Btw did do some research and seems Remington has $1 billion in debt and has delayed filing until Tuesday-ish of this week. They seek to eliminate $700 mil in debt, restructure and then reportedly sale after restructure if they get their way. They gambled miserably on black guns and a certain candidate winning to prompt panic buying. Believe that is liken to mortgaging your house and taking that debt to buy bitcoins.

BTW for any snowflakes watching this board, my sincere apology and condolences in advance to you if you find my analogy insulting or it hits to close to home.

The subject of that suit SHOULD have been that the Parker name was soiled by putting it on an O/U.

For the benefit of those that have never seen one of these ill-fated Parker Bros. O&U's, here's an advertisement from 2005:

Don't be surprised if Remington is forced to liquidate, something like that could occur again. Parker's SBT looks almost like an O/U with no U. Parker attached to the SXS is same as peanut butter and jelly sandwich, they just go together. Dare say if the some of the craftsmen inherit to the brand would have last until era O/U started, bet they would have made a damn fine one. C'est la vie.

Crazy what happened to the label?

I hear ya Edger. However, if Remington was not policing its ownership of the PARKER mark, just imagine what could have happened if it was a free-for-all. We had the Skeuse Repro in the 1980s. That was great! (Own them and love them.) But it prompted Remington to wake the f**k up. After the Skeuse Repro died off, there were folks ready to take over what they believed was an abandoned PARKER trademark and start selling PARKER over/unders. (The images Wild Skies posted look nice, but an O/U?) This time, Remington said “no.” Once a trademark is deemed abandoned, the market is open, so be careful what you wished for. It will most likely not be a Skeuse-quality reproduction the next time.

-Victor