That Gibson rescue package is taking longer to sort out than hoped

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We all heard the news back in May about Gibson undertaking bankruptcy proceedings via the US Bankruptcy Courts Chapter 11, which allows them to control the debt and keep the company running. It appears now though that things are not quite running as smoothly as hoped. World News The news was so big it hit the […]

Gibson files for bankruptcy, Henry Juszkiewicz loses ownership

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At last, the painful waiting is over. Gibson Brands Inc. has (finally!) filed for Chapter 11 protection in Delaware, according to Bloomberg. The company’s creditors have, as widely predicted, forced a change in the company leadership. The consumer electronics part of the business responsible for the company’s woes will be sold. Meanwhile, the company wants […]