On February 27, 2013, we received the following letter:
My guess is that this is a part of a Chapter 7 Bankruptcy – Liquidation. Note that if Stealth owes you anything, it is your job to file with the Assignee by March 29, 2013.
According to Investopedia.com:
Definition of ‘Chapter 7’
A bankruptcy proceeding in which a company stops all operations and goes completely out of business. A trustee is appointed to liquidate (sell) the company’s assets, and the money is used to pay off debt.
Again, we will post what we know, when we know it. We are also prepared to support our customers with any needs for their Stealth Vehicles. We still think very highly of the Stealth Night Hawk and Night Hawk Hybrid which we have handled and sold and feel our customers will get good service from the machines.
If you have any information to add to our understanding of what is happening at Stealth, please let us now by commenting to this post.