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Latest from Narco

Posted: Sun Jun 12, 2011 3:58 pm
by mike roe
Taken from the Narco site-

NOTICE TO ALL THIRD PARTY PROPERTY OWNERS

The assigned trustee of the federal court is closing the Chapter 7 bankruptcy as a “no asset “ case. Therefore he will not be answering communications or doing anything further concerning Narco.



Narco is closed and has no employees, therefore third party property remaining at Narco's Fort Washington, PA facility is in possession of the landlord. Narco had secured creditors and the landlord of the facility may have a landlord's lien for rent We expect the secured party(s) and landlord to follow state court procedure to dispose of the assets of Narco.



You should take action immediately to get your equipment back. We recommend that you hire counsel to file the appropriate action to get access to the premises in order to reclaim your property. An attorney who practices in Philadelphia, Michael Kaliner, is representing some parties in this matter. You may retain him or anyone you wish, but we are fearful that if you do not act quickly, your property could be erroneously disposed of by the landlord or secured creditors of Narco.

Re: Latest from Narco

Posted: Sun Jun 12, 2011 4:22 pm
by GAHorn
I am so disappointed, as I found several of Narco's products particularly worthy, notably their Com 120 and 810 series of comm radios, their Nav 121/122 reciever/indicators, the entire AT series of transponders as well as their encoders. With the exception of some products plastic geared selector-knobs (mostly the 120/121/122 series) their radios had a very high ratio of reliability, and even those plastic geared models were easily repaired if parts were found.
I had hoped someone would have stepped in to buy the mfr'g designs/rights but it appears the end for Narco. I hope none of our members or our friends had any radios in their possession for repair, however if so, it's unlikely to be worth the cost and effort of retrieval efforts as any defective equipment will probably be unrepairable anyway.