Folks,

Apparently Keisler Engineering has filed for Chapter 7 yesterday.

http://business-bankruptcies.com/cas...ngineering-inc

Read a thread on the C3 forum and the above was posted today.

http://forums.corvetteforum.com/c3-t...0-600-a-4.html

Sorry for any of you who have had monies/deposits tied up and no tranny delivery.

Hopefully, a company with horsepower (read this $) can resurrect the manufacturer and sale of the SS700 tranny as it truly is a good piece.

Jim
In God We Trust!

 

WOW

http://business-bankruptcies.com/cas...ngineering-inc



Bill

 

NOW WHAT..

Who to go to if one needs a 5/6 speed tranny...

 

http://www.ddperformance.com/shop/pr...44cPath=107_90



http://www.moderndriveline.com/Techn...tremec_tko.htm


http://www.5speedtransmissions.com/tr-3550.html#Shifter

 

I say they will have the doors back open same people in no time. Robert

 

SO much for the warranty on my RS500...ugh.

Guess the next car will get a Tremec

 

hope your name(s) are not on this list....
Bill

Creditors
•Abundant Manufacturing, Inc.
•ADAM CAVALIER
•ADAMS GARAGE
•ADVANCE AUTO PARTS
•AL DECKARD
•AL GRECO
•AL RITTER
•ALAIN GAGNE 2
•ALBERT JONES
•ALBERT MELCHIOR
show 586 more creditors… •Alcoa Tenn FCU
•Alcoa Tenn Federal Credit Union
•ALL TRANSMISSION PARTS
•ALLOWAY CORP
•ALLSTATE CONTAINERS, INC
•AMERICAN CLASSICS
•AMERICAN OVERDRIVES
•AMERICAN SPEED CENTER
•AMERICAN SPEEDSHOP
•AMOS PRESS, INC.
•ANDERS PERSSON
•ANDREW JEWELL
•ANDY HIXSON
•ANTHONY GRACE
•ANTHONY GUILLEBEAU
•ANTHONY MARCHIO
•ANTHONY SILVA
•ARG STAFFING
•ART MCADAMS
•ART PAAPE
•AUTO DOCTOR OF WARMINSTER
•Auto Trader Publishing
•B & E PERFORMANCE
•BARRIE CARSON
•BART IMMINGS
•BART PINSON
•BB& T
•BERTELKAMP AUTOMATION, INC.
•BEST OF SHOW AUTOMOTIVE
•BIG 3 PERFORMANCE
•Bill Baer
•BILL BOYNETT
•BILL CASEY
•BILL KUSHNICK
•BILL LEVKNECHT
•BILLET BADGES INC
•BLACK BOX NETWORK SERVICES
•Blake & Pendleton
•Blount County Clerk
•Blount County Trustee
•BLUE SKY CLASSIC CARS
•BOB BEAUREGARD
•BOB DEPALMA
•BOB HAZEL
•BOB MARTELLA
•BOB PETROKAS
•Bob Schulli
•BOB STAGG
•BOB'S HOT ROD SHOP
•BOERNE STAGE BODY SHOP
•BOISE MUFFLER SHOP
•Boxing Cat Automotive
•BRAD ERICKSON
•BRAD HANSON
•BRAD RANDALL
•BRADLEY WAITKUS
•BRADY HESS
•BRAND MOFFATT
•BRANDON IURATO
•BRAU HOLDINGS LLC
•BRET WHITE
•BRETT WARNER
•BRIAN BELL
•BRIAN HOPE
•BRIAN JULIEN
•BRIAN KERNS
•BRIAN LANGFORD
•BRIAN SCHMID
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•DEAN DAVIS
•DEAN HEIDEMAN
•DEAN HUSTLER
•Delta Research Corp.
•Deltacom
•Department of the Treasury
•DEREK MELHORN
•DEUCES WILD HOTRODS AND CUSTOMS INC
•DEVLIN ROD AND CUSTOMS
•Diamond Systems, LLC
•DON HUTTON
•DON'S EAST COAST RESTORATIONS
•DONALD DICKINSON
•DONALD POWELL
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•DOOLEY AND SONS
•DOUG SORRELL
•DOUG TUMBLESON
•DOYLE BAYER
•DUNTOV MOTOR COMPANY
•DUSTIN JONES
•EDDIE HIXSON
•EDWARD KIM
•EMPLOYERS PREFERRED INSURANCE COMPANY
•ENGINE FACTORY
•ERIC COOKE
•ERIK MARTINSEN
•ERISA SERVICES
•EXPRESS PACKAGING
•FALCO
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•FIRMAN AMBERG
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•FRITZ KESSLER
•FROG SPECIALTIES
•GABE LORETI
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•GARY FIFER
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•GATEWAY CLASSIC MUSTANG
•GENE DEL BELLO
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•GERRY MARUMOTO
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•GRAEME WILSON
•GRAHAM MCDONALD
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•GREENVILLE MOTOR SPORTS
•Greg Brittingham
•GREG JOHNSON 4
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•GROUND UP
•GULDSTRAND CORVETTE
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•Harris Publications, Inc.
•HENRY VEENSTRA
•HH AUTO PARTS OF ELYRIA
•HIROYUKI ARAI
•HIS PLACE
•HOFFMAN AUTOMOTIVE 2
•HOLLEY SMITH
•HOLSTON GASES
•HOWIE JEFFRIES
•HP Performance, LLC
•IMAGE MATTERS
•IMT YORK
•INNOVATIVE CUSTOM ENGINEERING
•Internal Revenue Service
•JAMES GUERRIERO
•JAMES MOODY III
•JAMES NEWTON
•James R. Keisler III (Trey)
•JAMES THOMPSON 3
•JAMIE WILLIAMS
•JANO MIKAJ
•JASON CARLSON
•JASON EDWARDS2
•JASON NOSKO
•JASON PARSONS
•JC RODRIGUEZ
•JEAN LATIMER
•JEFF CAIN
•JEFF DAUBERT
•JEFF LINDEN
•JEFF NEUFELD
•JEFF POLLARD 2
•JEFF PURCELL
•JERE CLARKE
•Jeremy Parker
•JET-FAB INC.
•JIANGLING MOTORS IMP. & EXP. CO., JMIE
•JIM BROWN 3
•JIM CAIN
•JIM CONDON
•JIM FORD
•JIM GLASS
•JIM JARRETT
•JIM MAYS
•JIM THOMPSON1
•JK MOTORSPORTS
•JODY HALL
•JOE ALEXANDER
•JOE COTTNER
•JOE MIKEL
•JOE MOSIER 2
•JOE STOPSKI
•JOEY TOCCI
•JOHN BOURGEOIS
•JOHN GRINDER
•JOHN LANDRY
•JOHN MCCARTHY 2
•JOHN PARTHEMORE
•JOHN RUSH 2
•JOHN STANNERS
•JOHN STRATTON
•JOHN TOMASSETTI
•JOHN YDE
•JOSEPH MEDLIN
•KEITH DIXON
•KEITH ROMAN
•KEITH'S ROD & CUSTOM
•KEN ALDEN
•KEN COOK 3
•KEN HUTTEMA
•KEN PRATT
•KEN REIMER
•KEN SAUCIER
•Ken Schliessman
•KENNETH SNOW
•KENNETH TERRY 2
•KEVIN CELLEY
•KEVIN EAKLE
•KEVIN FLEET
•KEVIN FRYER
•KEVIN LEWIS2
•KEVIN NELSON
•KEVINS AUTO RESTORATION AND REPAIR
•King-Thompson, Inc.
•Knox Chapman Utility District
•KNOXVILLE RUBBER & GASKET
•KOEHLKE COMPONENTS, INC.
•KURT ANDERSON 2
•LANCE CUNNINGHAM FORD
•LARRY B. FURR
•LARRY JONES2
•LASER PRECISE, INC
•Lawrence Cyburt
•LE CLAIRE MANUFACTURING CO.
•LEE COMSTOCK
•Legend Gear & Transmission AR
•LEWIS GARRETT
•LIGHTNIN RODS
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•LOGAN WALKER
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•LUKE LAPRAD
•LYNN OLSEN
•M DETAIL/BC CLASSIC AND PERFORMANCE
•MAC MCMILLAN
•MAGNA CLASSICS
•MARK GEIGER
•Mark Jendrek, P.C.
•MARK W. SHERMAN
•MARK WILKINSON
•MARTIN HOERATH
•MARYLAND MUSCLECAR
•MATT HAUCK
•MATT HENSLEY
•MATTHEW PAYTON
•MCACN, LLC.
•MEL VOGELZANG
•METRO MOLDED PARTS, INC
•MICHAEL DeSOCIO
•MICHAEL DIEHL
•MICHAEL RIHA
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•MICHAEL SPINO
•MICHAEL TIMANUS
•MIDLAND INDUSTRIES
•MIKE FERRARRO
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•MYRON LUCE
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•PAT O'LINN
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•PAUL CHAIT
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•PAUL ROWLING
•PAUL SAUNDERS FORMERLY STERLING CUSTOMS
•PAUL TOWER
•PAUL WARNER
•PAUL WASEMILLER
•PAUL YOUNG 2
•PEDER MANSSON
•PERFORMANCE SOLUTIONS INC.
•Peter Brooks(vendor)
•PETER ISAACSON
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•R NEWTON
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•RIGHT STUFF INC.
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•ROYAL BRASS, INC
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•SAL GARCIA
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As a matter of fact it is

 

Hardly. Chapter 7 means it's all over, with creditors scrounging for scraps (they didn't file Chapter 11).

 

 

Only surprised they lasted this long with their business practices. Proof that truly, what goes around does come around. Hope all of you get something back.

I won't be surprised though, in a few months we will here another story of rebirth, and a promise of a new beginning and the hiring of 10,000 new customer service reps lol. RIP

 

Keisler was just one of the two licensed distributors for Legends LGT-700 transmission ...which Keisler held proprietary rights for their shifter modification on. Seems Keisler would have sold the shifter mod rights to the other Distributor http://www.sprakerracing.com/ prior to filing, or to LG&T directly.

 

Weasels. They called me last week for approval to charge another $4000 to insure a slot in their suppliers production schedule. Luckily I refused and advised my card not to accept additional charges.

Don

 

WOW, Now that is takes some ***** to do. They knew what they were doing when they were asking you for more money. Given their business practices in the past I said long ago I would never buy anything from them. I have a good BS filter and all their e-mails and responses on this forum were loaded with BS and false promises.

 

Don/Tony
did you get any notification, or was this the first you heard of it?
Bill

 

As JohnZ noted above... The filing is Chapter 7, which is when assets are seized, liquidated and distributed to creditors as partial payment of debt. Chapter 11 is when the business is allowed to reorganize and create a plan for debt repayment while continuing day-to-day operations. So this is NOT a reopen the doors plan to my understanding, this is liquidation... gone...

 

This was the first I heard of the bankruptcy but I smelled something fishy when they asked for the money last week. It was for a 4L60E kit and there should be no need to pay in full to get in line for a common transmission like that. At least they only got $1000 out of me.

Don

 

Well, Don, your story confirms what a bunch of a crooks they have always been. Good for you. Sorry you lost 1000. I hope these jerks never show up again. Things I have seen them do, both on forums, and once in person, convinced me a long time ago, like Dave, that these guys were scumbags. At least we don't have to hear any more sob stories from them and excuses. Hopefully someone will pick up on the transmission.

Bill

 

Likely only Shafi's lawyer and his accountant knew about the filing. Explains business as usual until the very end.

From the creditor list... It confirms that he tried to keep the business running on deposits. It may have been better to downsize and slow down.

Bottom line, whatever you think of their business practices, we've lost a product many of us wanted. Sad to hear.

Harry

 

I was shopping for a 5 speed two years ago at Old Town. Three knowledgeable people told me Keisler would be out of business in a year. They were off a little on their time but correct in the assessment of their business practices.