when did monaco coach go out of business
Monaco Coach Corporation On March 5, 2009 the company filed for Chapter 11 bankrutpcy.[8] On April 24, 2009 in U.S. Bankruptcy Court in Delaware, an attorney for Monaco said the company had signed an asset purchase agreement with Workhorse International Holding Co., a Navistar International subsidiary. Monaco's CEO was Kay Toolson.[9] On June 23, 2009, Judge Kevin Carey agreed to the company’s request to convert its Chapter 11 bankruptcy filing to a Chapter 7 case so it could liquidate its remaining assets which included seven properties in Oregon, Indiana and Florida as well as RV resort properties in California, Nevada, Florida and Michigan were sold to multiple buyers. The order converting the case to Chapter 7 was effective June 30. Navistar International Corp purchased the core assets of Monaco Coach Corporation's factories, inventory, brands and intellectual property in June 2009 for $47 million[10] and the company's new name became Monaco RV LLC. Upon the sale of its remaining assets liquidated under Chapter 7, “the entity ceases to exist,” said Andrea Coles-Bjerre, an assistant law professor at the University of Oregon and a former bankruptcy lawyer in New York.[11]