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-   -   Reflections on GTM over the years (http://www.the370z.com/forced-induction/90996-reflections-gtm-over-years.html)

Neo187H 09-12-2014 07:18 PM

Quote:

Originally Posted by 1slow370 (Post 2963450)
Considering there are still people getting money back even after the filing it looks like he is trying to keep it alive, explains why everything is going so slow though.

From the few comments on this thread it looks like the only people that have gotten their money back has been through credit card charge backs handled by the customer, not something that GTM voluntarily did. I myself am still waiting as well as many others.

LIL_G13 09-12-2014 07:53 PM

Quote:

Originally Posted by Neo187H (Post 2963486)
From the few comments on this thread it looks like the only people that have gotten their money back has been through credit card charge backs handled by the customer, not something that GTM voluntarily did. I myself am still waiting as well as many others.

I got a refund in the way of parts. I drove 6 times down to there location (8hr round trip drive) but after seeing all this and them filling chapter 11 it was worth the drive. Good luck to all that are still waiting on refunds.

09nismo498 09-12-2014 09:24 PM

Wow, looks like they still owe over $300k on that pipe bender too... like phunk said, love or hate the guy, its sad. Just hope everything comes out positively for everyone that has money tied up with them.

Cell 09-12-2014 10:11 PM

Quote:

Originally Posted by 09nismo498 (Post 2963580)
Wow, looks like they still owe over $300k on that pipe bender too... like phunk said, love or hate the guy, its sad. Just hope everything comes out positively for everyone that has money tied up with them.

Z eliminator has 30k tied up. I feel sorry for him.

pokeyl 09-13-2014 12:05 AM

Quote:

Originally Posted by LIL_G13 (Post 2963496)
I got a refund in the way of parts. I drove 6 times down to there location (8hr round trip drive) but after seeing all this and them filling chapter 11 it was worth the drive. Good luck to all that are still waiting on refunds.

Chapter 11 is not going to work for GTM, to small. It should end up converted to ch 7 during review. I can get all the aluminum brackets made if someone needs a part. It will cost but any good fab shop can make copies.

Z eliminator 09-13-2014 04:47 AM

Can some body tell me . is he still open for business, are his door closed, are there any letters posted on the inside of his doors saying that landlord has locked his doors?
i just looked at this post this morning.
tell me its not true.

Ill 09-13-2014 08:49 AM

Talked to him as well as Pablo yesterday. Still open

nomodsjk 09-13-2014 09:22 AM

Its a damn shame because they have some of the best mods for our cars. Just sux all the way around. My biggest question is how in the hell could they go under with all those people ordering so many high end packages from them?? I mean they had like over 100 people order their TT set up not to mention people like z eliminator who dropped 30k in one build. How in the hell could they be going under with all this work they have?? It doesn't make sense to me

nomodsjk 09-13-2014 09:25 AM

And what happens to the thousands of people who have their products when they need something replaced?? Are they going to be able to get their stuff fixed or replaced?? I guess they will have to wait for somebody to sell the used part they need??? Somebody please say it ain't so

Chuck33079 09-13-2014 09:32 AM

Quote:

Originally Posted by nomodsjk (Post 2963869)
And what happens to the thousands of people who have their products when they need something replaced?? Are they going to be able to get their stuff fixed or replaced?? I guess they will have to wait for somebody to sell the used part they need??? Somebody please say it ain't so


Luckily there aren't a whole lot of parts that were made by GTM on their turbo kits. They mainly supplied plumbing. The manifolds are the issue since they're prone to cracking. Most of the other parts can be bought from their manufacturer.

dmhenderson 09-13-2014 10:32 AM

Quote:

Originally Posted by martin82 (Post 2963319)
Does anyone know where GTM gets their pulleys from on their SC kits? like idler pulleys etc, I should prob find a spare

I have a 91mm spare somewhere if you're interested.

DEpointfive0 09-13-2014 11:37 AM

Quote:

Originally Posted by Z eliminator (Post 2963677)
Can some body tell me . is he still open for business, are his door closed, are there any letters posted on the inside of his doors saying that landlord has locked his doors?
i just looked at this post this morning.
tell me its not true.

They're still open.



I don't think anyone really understands how bankruptcy works... (Not talking specifically to you Z eliminator). Anyways, filing for bankruptcy is a way for you to "restructure your debt". Honestly what it is, is protection from your stuff getting repo'd, AND you don't have to make payments on it (you should, but no one is gonna stop you). The disadvantage is that your credit goes to non existent. You need a loan to buy more turbos? No. Need to use your credit card? Ehhhhhhh... Good luck.
Now, speaking as a camel jockey (Sam is one too)... He'll probably let this business tank so he doesn't have to repay any of his debts, and start a new one IMMEDIATELY under some other families name and the GTM storefront we see will never close...

Z eliminator 09-13-2014 02:43 PM

at that point what happens to the goods . eg my engine, cams, and all the other parts ?
do they get sold off ? or does he complete the work ?

Z

Legz 09-13-2014 03:03 PM

Quote:

Originally Posted by Z eliminator (Post 2964087)
at that point what happens to the goods . eg my engine, cams, and all the other parts ?
do they get sold off ? or does he complete the work ?

Z

Good luck, perhaps you should give him a call... Hopefully he can do a special treatment for his fav customer...

Chuck33079 09-13-2014 03:08 PM

Quote:

Originally Posted by Z eliminator (Post 2964087)
at that point what happens to the goods . eg my engine, cams, and all the other parts ?
do they get sold off ? or does he complete the work ?

Z


You of all people need to be contacting an attorney.


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