Ch. 7 Bankruptcy Filed 9/6/18

Ok I finally found a SFW GIF, but this is not what I was going for.

 

Handy Randy the Seaman

 

So it is a joint filing between Satin and Tyler personally, but makes no mention of "Pelfreybilt" anywhere in the document that I saw. My PayPal payment was to Pelfreybilt Offroad, Inc. If you have an outstanding order with them, keep an eye on your mail, as it appears they have listed us all as creditors in their petition for Chapter 7. Not sure how that works since my business was with the company. They may be trying to use a personal bankruptcy to discharge the debts while the company stays out of BK and keeps its tooling and IP.

All that said, they are old pros at this. Tyler filed for Chapter 7 in 2001 and Satin filed for Chapter 7 in 2009 under her former name. In both instances no creditors ever received a distribution. I am of the opinion that they have been defrauding people for quite some time, especially with the new swingout rear bumper and the various group buys they have been running with long lead times. They didn't get in this position overnight, and since both of them have declared bankruptcy before, they have had to know they were in trouble for quite some time. They had to know what they were doing when they introduced a new bumper and started taking pre-paid orders for delivery 3-4 months later while they have had customers waiting on orders that they couldn't produce for over 1 year. There's no question that they have been knowingly misleading people about delivery times. It's probably time for everyone to call the California Attorney General's office.

 

I can cancel it if you’re getting the hookup for the price of free, no hard feelings on this end.

 

Only on TW can we have a thread about a large vendor filing for bankruptcy and handjobs.

 

That just became my signature!

 

TacomaWorld never ceases to amaze me with the sleuthing abilities of it's members.

 

You should add these below quotes as well if they fit!

 

Facebook post

We love our Pelfreybiltfamily and have never had any ill intentions to wrong a single person. We do wish everyone believed this truth instead of resorting to believing we’re the horrible people they’ve painted us into. After pouring everything into Pelfreybilt and building the reputation for quality and customer service, why can’t people understand there’s something going on that’s out of our control rather than assuming the worst and defaming our character.

The unfortunate truth is that we had an amazing team of investors willing to pour a couple million into helping us thrive & as a result we had to remain quiet, so asked the #pelfreybiltfamily for their patience. However, with people feeding lies on social media, stirring up negative publicity, and opening claims on PayPal, the investors pulled out. They deemed the #pelfreybiltfamily too volatile and risky to make the investment. As a result we had no choice but to file personal bankruptcy, and lose everything. We literally poured everything into the business and have lost everything: our business, our jobs, our home, our cars and the money we loaned the business.

It’s heartbreaking to us to have given so much to the off-road community and to have built such an amazing company known for being one of the best in the industry, in just six years, yet have so many people turn their back on us and accuse us of as horrible things as fraud. All we’ve ever done is focus on providing the very best to our customers. We simply grew at a rate we struggled to keep up with, and refused to manufacture products of a lesser quality. Without capital to work with, it eventually took its toll and required investors.

Regardless, what’s done is done and feelings aside, we wish we had better news, but unless someone steps up and is willing to take over Pelfreybilt, the debt owed both to vendors and customer, we don’t see a way for our customers to get their product(s) or refunds. This is less than the ideal situation, yet it’s the reality the #pelfreybiltfamily helped create by allowing negativity to influence their decisions rather than looking at our track record and believing in us to always do what is best for our customers.

We wish each of you all the best, regardless.
♥️
Satin & Tyler Pelfrey

 

So where are all the "Don't worry about it they'll be back" people at? What happened to they're goood people and not going to fuck any1 over?

 

Yeah, it’s the customers fault.

 

So it's OUR fault?!

 

Damn.... all I gotta say

 

So...
It's our fault now.

 

If that's the case. A little bit of communication would of gone a long way....

 

What a load of BS.

 

And enough with the #family crap already.

Wow.

 

lesson learned.

seek additional financing before you need to freeze production. something tells me this isnt a small buisness secret tho.

 

Guess everyone is SCREWED. I feel so bad for those who have lost thousands of hard earned dollars with zero of product to show for it.

I am proud to have an #ebay Bumper