Statement from Toyota of Augusta on bankruptcy filing

By: STAFF
By: STAFF

January 28, 2009

A statement has been issued from Toyota of Augusta regarding the reports of bankruptcy filing. The following is the text of that statement:

"We are negotiating a sale of assets transaction for a single dealership that is subject to a number of contingencies without a specific closing date. Some creditors were concerned abouty payment of outstanding obligations and "jumped the gun" and filed an involuntary petition in bankruptcy. Upon the transaction closing, we have every expectation that the obligations to creditors will be paid. In any event, creditors will be paid before any owners will receive any of the proceeds of the company's assets. We will continue to be open for business selling and serving vehicles and satisfying customer needs."


WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 38539302 - wrdw.com/a?a=38539302