[Richard230]

Briggs & Stratton filed for Chapter 11 bankruptcy last Monday. Here is the story:
https://www.revzilla.com/common-tread/briggs-stratton-files-for-chapter-11-bankruptcy

[REpozer]

Sad. I just repowered my 1997  Snapper 21 inch push mower with new old stock Briggs&Stratton short block Quantum engine. They will be missed if they go the way of Techumseh small engine.

[cyrusb]

Wisconsin Engines was owned by Subaru until 2017 when they ceased production. Sad, Our great iron legacy turns into aluminum then turns into shite.

[tooseevee]

Another one bites the dust 

[Bilgemaster]

I'm no financial expert (which might explain why I ride an old Enfield Bullet and not a Vincent Comet or a Velocette), but I've been led to understand that Chapter 11 ain't necessarily the end of the world. It's not exactly a great sign of a company's financial health, but not doomsday either. It's known as "reorganization bankruptcy", as in reorganization of debt. Lots of still-going concerns have filed for Chapter 11...some several times. A favorite trick of those 'Master of the Universe' financier raider assholes is to swoop in on an older company and use Chapter 11 as a legal pretext to screw an "overly mature workforce" by pillaging their pension funds. Remember "pensions?"

So, in theory, Briggs & Stratton could scrimmage and claw their way back to health. In practice though, if I can nip off to Harbor Freight and get an equivalent Chinese-made Predator engine on sale for $89 that Briggs is asking about $250 for, AND get a free puck light...Well, I guess I'm just not that patriotic. So yeah...I see dark times ahead for B&S.

[Richard230]

The article said that B&S planned to sell off their assets to a hedge fund, if I recall correctly.   

[heloego]

Quote: "Lots of still-going concerns have filed for Chapter 11...some several times."
Like Trump? 

[Bilgemaster]

Quote: "Lots of still-going concerns have filed for Chapter 11...some several times."
Like Trump? 

Well, only six times. I didn't mention our Fearless Leader because I didn't want to wind up any easily wound up folks to no real purpose. After all, there's "B&S" and then there's just "BS". Any Trump University graduate could tell you that.

[Richard230]

Well, only six times. I didn't mention our Fearless Leader because I didn't want to wind up any easily wound up folks to no real purpose. After all, there's "B&S" and then there's just "BS". Any Trump University graduate could tell you that.

 

[olhogrider]

My old employer entered bankruptcy with $4 billion in cash. After breaking all the union contracts and looting the pension fund they emerged from bankruptcy with $6 billion in cash and all their debt wiped out.