RV Supercenter an Arizona dealership that expanded rapidly during the late 1990s, voluntarily filed Chapter 11 bankruptcy on March 17, according to the U.S. Bankruptcy Court in Phoenix.
A Chapter 11 filing gives the company, legally known as RV World Productions Inc., protection from creditors. This means the owner, Vince Meo, can continue operating the two-store dealership while he tries to financially restructure the company in a way that satisfies its creditors.
The first creditors meeting is scheduled for April 25 in Phoenix, according to bankruptcy court records.
Meo and the attorney RV Supercenter, Cary Forrester, did not return phone calls.
Reportedly, there are creditors hoping to force RV Supercenter to liquidate under terms of Chapter 7 of the U.S. Bankruptcy Code.
At its peak, RV Supercenter operated from two locations in Mesa, a suburb of Phoenix, and from locations is Flagstaff, Tucson and Yuma, Ariz. It also had a part-time sales location in Quartzsite, Ariz., that operated during the tourist season.
During an interview conducted in mid-1998, Meo said RV Supercenter was on target to have $100 million in sales that year.
However, the two dealerships in Mesa are the only RV Supercenter locations still open.