Jobo is going in bankruptcy

[RobertV]

Due to financial problems the company from Gummersbach in Germany has gone in bankruptcy. How the senario is going for the comming months it's not predictable at all.
Source:
http://www.insolvenz-ratgeber.de/job...ag/2010/03/08/

[AgX]

To be fair, the term bancrupsy has a different meaning internationally. The german legislation names continuity of company activity as the alternative aim to dissolving company assets.

[Mick Fagan]

Yes, in our country being declared bankrupt means the business is basically finished.

However being declared, or declaring yourself that you are insolvent, means you may go bankrupt, or you may have an administrator appointed and you may trade out of difficulty, or you may sell the assets (if any left) or some other arrangement may be made.

Pity as it appears the third generation didn't change the company enough to keep on moving with the times, seems to be an international thing in that the first generation starts the enterprise, the second consolidates it and the third generation loses it.

Agx can you, or someone else elaborate further as my German isn't that good, but I think I got the gist of the link?

Mick.

[Mick Fagan]

AgX, thanks, as I thought.

Mick.

[RalphLambrecht]

...Pity as it appears the third generation didn't change the company enough to keep on moving with the times, seems to be an international thing in that the first generation starts the enterprise, the second consolidates it and the third generation loses it...

In this case, I'm not surprised. eBay must have made more money off their products than Jobo themselves.

[gr82bart]

LOMO should pick them up, IMNSHO.

Regards, Art.

[Chazzy]

Is this bad news for those with Jobo processors, or has service for Jobo processors previously become unavailable anyway?

[AgX]

Jobo outsourced the technical service of their processors long ago including stocks of spares.

[gmikol]

To be fair, the term bancrupsy has a different meaning internationally. The german legislation names continuity of company activity as the alternative aim to dissolving company assets.

For all the US readers, continuing company operations is most similar to our "Chapter 11" bankruptcy, where debt and other liabilities can be restructured or eliminated in order to allow the company to continue to operate, versus liquidation of company assets to satisfy the creditors, which would be like "Chapter 7" bankruptcy in the US.

I don't read/speak any German, and I sure don't know anything about German bankruptcy laws, so I have no idea which way Jobo is going on this.

FYI...

--Greg

[ADOX Fotoimpex]

Jobo is currently still beeing operated by it´s former business leader and owner Mr. Bockemühl. He has aproached various customers about the planned continuation of the company and brand.
A supervisor has been appointed by German court and the company is running under supervision currently.

Today we received the news that tanks which had been unavailable yesterday will become available again probably within less than two weeks.

As to my understanding this insolvency has more to do with the technical aspects of german social and business laws as with a possible complete failure of Jobo.

I am very optimistic that we will continue to have Jobo darkroom accessories available for our analogue work in the future.

Best regards,

Mirko

FOTOIMPEX Berlin