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bamahostaman

Nailite Siding - files Chapter 11

bamahostaman
15 years ago

For those of you with Nailite siding installed prior to February 13, 2009, your warranty coverage is now in the hands of the bankruptcy court. Unless the reorganized company choose to retain liability and it is approved by the court, it appears that we lose all coverage. For those of us with existing claims, we are treated as unsecured creditors, which means the bottom of the claims lists.

For those purchasing Nailite now, the company intends to support its warranties. However keep in mind that if they are not willing to stand behind their previous warranties, I would be concerned about future committments.

The above is my interpretation of the court documents and Nailite's announcements. http://www.nailite.com/news/restructure.aspx

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