Liftopia Bankruptcy?

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Harvey Harvey
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Liftopia Bankruptcy?

I never heard of involuntary bankruptcy:

https://www.newenglandskiindustry.com/viewstory.php?storyid=842
"You just need to go at that shit wide open, hang on, and own it." —Camp
Z Z
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Re: Liftopia Bankruptcy?

Assume they are going to force a liquidation not a reorganization to try to paid pennies on $ that they are owed

A ton of ski areas used Liftopia for ecomm even running thru their own websites
if You French Fry when you should Pizza you are going to have a bad time
Harvey Harvey
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Re: Liftopia Bankruptcy?

This bites.

https://skiing.substack.com/p/liftopia-has-not-paid-magic-plattekill
"You just need to go at that shit wide open, hang on, and own it." —Camp
ScottySkis1 ScottySkis1
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Re: Liftopia Bankruptcy?

Yeah it stinks
Hope independent hills get$ through courtt
Peter Minde Peter Minde
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Re: Liftopia Bankruptcy?

I believe the biggest creditors get paid first, and everyone else gets leftovers.  Hoping Magic and other smaller hills will survive this.
Harvey Harvey
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Re: Liftopia Bankruptcy?

I spoke to Laz last night. This causes big pain.

I had this idea, might be nuts. Maybe someone with more IT saavy could comment.

One of Laz's problem is that Liftopia's platform works (worked) well for them. Really well.  It allowed them total flexibility with pricing. Storm goes from rain to snow, raise prices in an instant, and visa versa.

Is there any way Liftopia could offer them the intellectual property/software in exchange for debt relief?
"You just need to go at that shit wide open, hang on, and own it." —Camp
TheGreatAbyss TheGreatAbyss
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Re: Liftopia Bankruptcy?

Interesting thought, more of a question for an IP lawyer (like my brother in law) than a techie.   If Liftopia gives away their software/ip then the company will truly be un-investable though.  

Also even if it's 100% cloud based there's still the cost of needed expertise to reimplementing and running it.
Brownski Brownski
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Re: Liftopia Bankruptcy?

I doubt there’s anything of value there. Liftopia’s system doesn’t seem all that different from your run-of-the-mill “2 tickets left” travel website. I’d bet theres a third party software suite that runs all of them.
"You want your skis? Go get 'em!" -W. Miller
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