Hyperion bankrupt?

[Yasu]

They are not dead yet.

But even if they survive it raises a difficult question: who went to court to declare the insolvency and why?

[guest11527]

They are not dead yet.

But even if they survive it raises a difficult question: who went to court to declare the insolvency and why?

I don't know what happened, but in situations with no money coming in and your company not being able to pay, the best you - as a company owner - can do is to declare your company insolvent yourself. Actually, *not* doing that in such a situation can cause a lot of trouble (as in: It is even illegal not to in Germany, you are required to do so.) "Insolvenzverschleppung" is the German term for that.

[OlafS3]

They are not dead yet.

But even if they survive it raises a difficult question: who went to court to declare the insolvency and why?

+1

it is too early "to dance on the grave" but it is not just a "misunderstanding" either. Obviously someone who can proof that they have to pay him has gone to court. Either they can proof that the request is wrong or pay or be bankrupt.

[OlafS3]

They are not dead yet.

But even if they survive it raises a difficult question: who went to court to declare the insolvency and why?

when someone in germany goes to court it normally means he is hoping to get his money (or at least some of it) and the debitor is not willing or able to pay it voluntary (most cases not able to).

[AmiDude]

They are not dead yet.

"Dead" is perhaps premature... How about "One foot in the grave", then?

[Spectre660]

Looks like what could happen when a default judgement is given.
Can happen when your lawyer does not show up for the case or failing to file documentation on time.
can be caused by miscommunication of the date and time for the court matter or no notification being given by the court due to an "Administrative error" .

+1

it is too early "to dance on the grave" but it is not just a "misunderstanding" either. Obviously someone who can proof that they have to pay him has gone to court. Either they can proof that the request is wrong or pay or be bankrupt.

[OlafS3]

Looks like what could happen when a default judgement is given.
Can happen when your lawyer does not show up for the case or failing to file documentation on time.
can be caused by miscommunication of the date and time for the court matter or no notification being given by the court due to an "Administrative error" .

but there is obviously a claim against them otherwise no court would be active. We will see what happens.

[ElPolloDiabl]

Can AmigaKit clear any of this up?

[Spectre660]

True.
 But there are a couple companies who have a vested interest in the survival of the powerpc version of AmigaOS 4.x that Hyperion could have  approached for help if they did not have the funds to settle a debt.

but there is obviously a claim against them otherwise no court would be active. We will see what happens.

[OlafS3]

True.
 But there are a couple companies who have a vested interest in the survival of the powerpc version of AmigaOS 4.x that Hyperion could have  approached for help if they did not have the funds to settle a debt.

Yes and no. Getting the money to survive the crisis is one thing but a company needs resources for development to pay people that work for them including freelancers. If they just have enough money to survive as a company AmigaOS development also stalls (except some people contributing voluntary). But we cannot know, most is in the dark right now.

[Terminills]

True.
 But there are a couple companies who have a vested interest in the survival of the powerpc version of AmigaOS 4.x that Hyperion could have  approached for help if they did not have the funds to settle a debt.

Or one of them is listed as a creditor.

[Yasu]

Or one of them is listed as a creditor.

Now THAT would be interesting!

[kolla]

Steve Jobs was reported to be extremely worried about the Amiga, but fortunately for him and Apple, Commodore had absolutely no idea what they were doing"


==> http://arstechnica.com/information-technology/2005/01/amiga/

Hardly accurate, Steve Jobs had other worries. He left Apple in september of 1985 to start NeXT.

[Boot_WB]

Jesus Christ guys. Thanks for finding this. I ordered a system from Amigakit and it' been on pending for a week now and was wondering what was going on. I sent an email to them to cancel the order and send a refund right away. Good find and amazing community.

Congratulations.

Anyone else who has completed recently, or is in the process of buying, should check out the Uk consumer contracts regulations

http://www.which.co.uk/consumer-rights/regulation/consumer-contracts-regulations

Which replace the distance selling regulations as of last year.
Summary: right to return up to 14 days after delivery.

Or wait and see how the bankruptcy proceedings go.

[Madshib]

Hopefully it will be open sourced. Is this a possibility?

[Terminills]

Hopefully it will be open sourced. Is this a possibility?

No it isn't possible.  Hyperion own a license to modify not ownership.