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The company assigned all of its assets to a private, non-profit, liquidation firm on Dec. 12, according to Michael Joncich, manager of Credit Management Association’s adjustment bureau. MVP RV had sold off all its trailer and RV inventory to dealers and since December had not taken any new orders, Joncich told the Press-Enterprise.
MVP didn’t file for bankruptcy but instead signed over control of its assets to Joncich’s firm, which will auction the assets in order to raise money to pay the $37 million owed to creditors, the paper noted.
Information about the sale of the company’s assets – including the real estate it owns in Riverside County, inventory and parts as well as the brand name will eventually be available on CMAauctions.com, according tot he Press-Enterprise. The auction is not yet listed on that site.
To read the full story in the Press-Enterprise, click here.