Lincoln Logs files bankruptcy

September 22nd, 2008

Pretty much everybody have now heard about Lincoln Logs’ bankruptcy filing or Chapter 11 reorganization, as the politically correct term goes. Their attorney said intention is not to lay anyone off and to continue operations as usual while negotiating with creditors.

I don’t know about you guys, but if I would be in financial trouble and asked refinancing from my creditors without changing my consumption habits… well, I doubt there would be any reorganization. Personally I expect to see some jobs go or some asset sales.

For me it was a surprise to see company as big as Lincoln Logs to hit the brick wall. I know that smaller log home companies have already switched from making log homes into renovations etc.

For the most part, I did expect that fervent log home lovers would have kept the industry going, at least for the big players with good brand names. Guess I was wrong, no matter how dedicated customers you have it all comes down to them also having money.

How would you feel if your supplier told that they are having slight difficulties with creditors? I bet that would make you feel insecure. Are you in the stage of making decision between two manufacturers and having very difficult time choosing one broker Binomo… If the other was Lincoln Logs, your life suddenly became lot easier.

No doubt they will loose orders because of this and if they have difficulties now, just wait few months and they really feel the bit of postponed orders or cancellations. Let’s hope they manage to pull through.

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