Hot Tub Forum

Original => Hot Tub Forum => Topic started by: Dr. Spa™ Ret. on February 29, 2012, 01:05:27 pm

Title: Thermospas Bankruptcy?
Post by: Dr. Spa™ Ret. on February 29, 2012, 01:05:27 pm

Anyone hear of or have any information on Thermospas filing bankruptcy.

http://www.trollerbk.com/bankruptcy_case/THERMOSPAS/

http://business-bankruptcies.com/cases/thermospas-inc

Title: Re: Thermospas Bankruptcy?
Post by: wmccall on February 29, 2012, 03:53:43 pm

Its been months since I saw one of their commercials.

Title: Re: Thermospas Bankruptcy?
Post by: ndabunka on March 01, 2012, 12:50:49 am

The only thing that surprises me is that this did not occur sooner.  They ALWAYS had a dismal business model of SEVERELY overcharging for their products.  Why anyone paid them $14K for a $8K tub is beyond me.

Title: Re: Thermospas Bankruptcy?
Post by: Chas on March 01, 2012, 10:30:20 am

In reading the list of (over 400) creditors, I was not really surprised to see that by far, most are advertisers. Including one spa forum website and Big Fish ("Spa Search") publications.

I guess most manufacturers would have a larger list of materials suppliers, and a smaller list of advertising outlets.

FWIW

 8)