Pacific Seacraft/ Saga Bankrupt

[camaraderie]

Holy Cow...check this out from another board. Very sad...

It is true that Pacific Seacraft Corporation filed for Chapter 11 bankruptcy on May 8, 2007 in the U.S. Bankruptcy Court Central District of California in Santa Ana, CA. There is a hearing scheduled for June 21, 2007 at 10 a.m. in Santa Ana. The case number is 0711326. This was referenced on the Dana owner’s site on Yahoo and had apparently been mentioned earlier on the Flicka site. When I first read it, I had my daughter – a lawyer in CA – run a search on a legal database, and she found and forwarded me a copy of the filing data, containing the above information and the name of their attorney. So the information you have been hearing is true. Let’s hope they have a successful reorganization and come out all the stronger for it. It, however, unfortunately helps explain the many issues all of us have been facing in recent years in dealing with PSC .