Hobbico files for BK
ausf, I googled "Hobbico financial troubles" and got this:
http://www.news-gazette.com/news/local/2017-01-05/hobbicos-deferral-payout-upsets-confounds-ex-workers.html
(WARNING: pop up ads on this link!)
In the article, it says: Hobbico was formed in 1986, when Atkins combined two companies he bought: Don Anderson's Great Planes Model Distributors and Bruce Holecek's Tower Hobbies, which was founded in 1971.
According to its website, Hobbico has 12 different facilities, including five in Champaign-Urbana and others in Germany, the United Kingdom, California, Colorado and Nevada.
Also, per the article, Hobbico in 2016 quit or refused to make payouts to long time employees that were in ESOPs (Employee Stock Ownership Plans) so it looks like it has been going for more than a year now. hate to see that happen!