HorsepowerFreaks HPF out of business?!?!?!?!

statelax3 · 05-08-2013, 02:30 PM

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I donate and help out more then you would ever know I adopt two family's a year for the holidays and give when I can trust me.. I help people close to home in our country but that's my business.. It's just what me and my family do every year on out

and you sir are amazingly humble about it. thank you for being a pillar of your community and not having the need to tell the n54 wold about it

turborevdboy11 · 05-08-2013, 02:55 PM

Quote:

Originally Posted by statelax3

and you sir are amazingly humble about it. thank you for being a pillar of your community and not having the need to tell the n54 wold about it

+1

That guy is my hero!

alexmtl_135i · 05-08-2013, 03:27 PM

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Originally Posted by E90Company

Nice thought but this isn't the way business works.

Isn't that kind of how Kickstarter works?

JAL0988 · 05-08-2013, 04:25 PM

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Originally Posted by shiv@vishnu

I think you guys overestimate how cash laden tuning shops are. A $175k loss would put most shops out of business quickly. Those who say otherwise have probably never run such a shop. If this is true, it's a real tragedy for the HPF team. Most of us are in this industry because we love what we do, not to retire early. It only takes one unscrupulous act to end the product of years of hard work. Sad.

+1 Well said Shiv

pwr hungry · 05-08-2013, 05:58 PM

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Originally Posted by alexmtl_135i

Isn't that kind of how Kickstarter works?

That is EXACTLY how kickstarter works.

Wedge1967 · 05-08-2013, 06:30 PM

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Originally Posted by HPF 335i #1

Waiting for the sweet melody of Wedge telling me that he has collected my car from HPF...

Spoke with Chris a few hours ago. He was meeting with the landlord this afternoon and will hopefully have access to the building to get the car out later today. As soon as he does, he said he would call me so I can pick it up.

Big props to CWarren for stepping up to help. Carl said he would follow me back in my car so we make sure it gets back safely. Then it's only a matter of the transport picking it up...

marv85 · 05-08-2013, 06:41 PM

Quote:

Originally Posted by Wedge1967

Spoke with Chris a few hours ago. He was meeting with the landlord this afternoon and will hopefully have access to the building to get the car out later today. As soon as he does, he said he would call me so I can pick it up.

Big props to CWarren for stepping up to help. Carl said he would follow me back in my car so we make sure it gets back safely. Then it's only a matter of the transport picking it up...

awesome! let me know if you guys need a hand.

hey wait a second. you got your car back

Wedge1967 · 05-08-2013, 06:51 PM

Quote:

Originally Posted by marv85

awesome! let me know if you guys need a hand.

hey wait a second. you got your car back

haha, I wish. I miss my car. No word yet today and I just left a VM for the SA to call me.

I'll call when I hear from Chris. You're more than welcome to join in on the fun.

Wedge1967 · 05-08-2013, 11:16 PM

Bad news everyone. I spoke with Chris tonight and the property management company has him locked out and they won't let him back in. He informed me he spoke with them earlier in the day and offered to settle any outstanding debt with them, but they refused his offer so he brought in a lawyer late this afternoon to work out the details of the agreement. He's hoping that will get resolved tomorrow. Unfortunately I'm leaving for Chicago tomorrow so I asked Carl Warren (CWarren) to help. Carl is a good friend and a trusted local business owner who is very active in the BMW community. Once we have the car, we will coordinate with Mike @ FFTEC for transport pickup.

If I get any updates I'll try to keep everyone in the loop. Hopefully this gets resolved soon.

AYF80 · 05-09-2013, 12:18 AM

Quote:

Originally Posted by Wedge1967

Bad news everyone. I spoke with Chris tonight and the property management company has him locked out and they won't let him back in. He informed me he spoke with them earlier in the day and offered to settle any outstanding debt with them, but they refused his offer so he brought in a lawyer late this afternoon to work out the details of the agreement. He's hoping that will get resolved tomorrow. Unfortunately I'm leaving for Chicago tomorrow so I asked Carl Warren (CWarren) to help. Carl is a good friend and a trusted local business owner who is very active in the BMW community. Once we have the car, we will coordinate with Mike @ FFTEC for transport pickup.

If I get any updates I'll try to keep everyone in the loop. Hopefully this gets resolved soon.

Let me know if I need to have my legal office contact his lawyer to assist or contact the management office in addition to Chris's lawyer.

This is getting bad....

cwarren · 05-09-2013, 12:21 AM

hope for the best didn't sound good when I talked with the security guard which just so happens to be a company I have done a lot of business with in the past so he was pretty frank with me .
on a personal note I understand being pissed at chris (hpf) but guys you really need to understand this guy's whole world,reputation and lively hood is f ....
being a business owner myself I can guarantee you he did everything in his power to stay open.and cares enough to be returning phone calls ect to try and get erics car out of there most would just say make a claim and stand in line.

happy to help hope this works out for everyone .....

Vic311 · 05-09-2013, 12:23 AM

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Originally Posted by Eric335

This^

Basically embezzled so much cash that HPF couldnt recover.....I still dont know how they didnt realize it sooner though. I dont have too much info, but im reading about it on another source.

Something to the tune of $200k was stolen, and the insurance company only payed out $25k, which forced the doors to be shut. I want to give a huge handshake out to Chris though. We will surely miss him and his efforts, as well as his whole team

Rule #1 of any business, is make sure your accounting and financial controls are in place. Obviously they weren't, it's also probably why the insurance paid out so little

AYF80 · 05-09-2013, 12:30 AM

Quote:

Originally Posted by cwarren

hope for the best didn't sound good when I talked with the security guard which just so happens to be a company I have done a lot of business with in the past so he was pretty frank with me .
on a personal note I understand being pissed at chris (hpf) but guys you really need to understand this guy's whole world,reputation and lively hood is f ....
being a business owner myself I can guarantee you he did everything in his power to stay open.and cares enough to be returning phone calls ect to try and get erics car out of there most would just say make a claim and stand in line.

happy to help hope this works out for everyone .....

cwarren,

Thanks for helping out.

What is the name of the Management Company? I can have my "Free but good" Army legal office assist.

ZooyorQ · 05-09-2013, 01:02 AM

The issue is likely that his assets have been frozen and everything is on lock down until bankruptcy court begins.. as hard as this may be to swallow.. its very possible cars/parts/etc may be locked up for many weeks until you can prove ownership of the car and parts and have it released. This is in an attempt to keep all the assets from disappearing and being liquidated without the trustee.

There's a reason the track car, and drag car and big parts all likely disappeared the same day. I'm sure Chris is just as helpless at the moment as you all are. I'm not on his side, that's for sure but there is absolutely no benefit to him not giving back customers cars.. if he could he would I imagine.

Sick335 · 05-09-2013, 01:09 AM

Wow this is bad... US legal system at its best

aflatau · 05-09-2013, 01:11 AM

report your car stolen..

AYF80 · 05-09-2013, 01:11 AM

Quote:

Originally Posted by ZooyorQ

The issue is likely that his assets have been frozen and everything is on lock down until bankruptcy court begins.. as hard as this may be to swallow.. its very possible cars/parts/etc may be locked up for many weeks until you can prove ownership of the car and parts and have it released. This is in an attempt to keep all the assets from disappearing and being liquidated without the trustee.

There's a reason the track car, and drag car and big parts all likely disappeared the same day. I'm sure Chris is just as helpless at the moment as you all are. I'm not on his side, that's for sure but there is absolutely no benefit to him not giving back customers cars.. if he could he would I imagine.

If i can get the name of the management company, I could seriously affect this. My Legal office is waiting to take immediate action.

ken1137 · 05-09-2013, 01:33 AM

Props to Shiv and F-U to all the haters. I donate over $7K to charities annually so if I want to give something to the OP it's none of your business. GL and hope all works out for the best.

AYF80 · 05-09-2013, 01:42 AM

Quote:

Originally Posted by ken1137

Props to Shiv and F-U to all the haters. I donate over $7K to charities annually so if I want to give something to the OP it's none of your business. GL and hope all works out for the best.

Thanks man, I think im going to be sick....

aflatau · 05-09-2013, 01:50 AM

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Originally Posted by aflatau

report your car stolen..

.

AYF80 · 05-09-2013, 01:53 AM

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Originally Posted by aflatau

.

I may, I was just hoping to get the company name who is not giving access to it first. This will help my lawyer make the best decision.

Jeffman · 05-09-2013, 01:56 AM

Somebody mentioned Kickstarter...1000 customers/investors x $200 is $200K...

05-08-2013, 11:16 PM	#229
Wedge1967 Banned 125 Rep 2,172 Posts Drives: '07 e92 AT Sport Montego Blue Join Date: Sep 2011 Location: Portland, OR iTrader: (3)	Bad news everyone. I spoke with Chris tonight and the property management company has him locked out and they won't let him back in. He informed me he spoke with them earlier in the day and offered to settle any outstanding debt with them, but they refused his offer so he brought in a lawyer late this afternoon to work out the details of the agreement. He's hoping that will get resolved tomorrow. Unfortunately I'm leaving for Chicago tomorrow so I asked Carl Warren (CWarren) to help. Carl is a good friend and a trusted local business owner who is very active in the BMW community. Once we have the car, we will coordinate with Mike @ FFTEC for transport pickup. If I get any updates I'll try to keep everyone in the loop. Hopefully this gets resolved soon.
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05-09-2013, 12:21 AM	#231
cwarren Captain 82 Rep 725 Posts Drives: 08 e92 Join Date: Jan 2012 Location: portland iTrader: (1)	hope for the best didn't sound good when I talked with the security guard which just so happens to be a company I have done a lot of business with in the past so he was pretty frank with me . on a personal note I understand being pissed at chris (hpf) but guys you really need to understand this guy's whole world,reputation and lively hood is f .... being a business owner myself I can guarantee you he did everything in his power to stay open.and cares enough to be returning phone calls ect to try and get erics car out of there most would just say make a claim and stand in line. happy to help hope this works out for everyone ..... __________________ ptf MHD E85 /Hexon rr550 turbo's/PRE custom intakes/CP / bms dp's/hfs4 / er fmic/PSS/spec stage 2+/kwv2/steveAZ stage 3 lpfp /m3 control arms/powerflex black/MF LSD /fuel it port injection
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05-09-2013, 01:02 AM	#234
ZooyorQ Private First Class 11 Rep 147 Posts Drives: BMW M3 Join Date: Sep 2010 Location: Bay Area iTrader: (0)	The issue is likely that his assets have been frozen and everything is on lock down until bankruptcy court begins.. as hard as this may be to swallow.. its very possible cars/parts/etc may be locked up for many weeks until you can prove ownership of the car and parts and have it released. This is in an attempt to keep all the assets from disappearing and being liquidated without the trustee. There's a reason the track car, and drag car and big parts all likely disappeared the same day. I'm sure Chris is just as helpless at the moment as you all are. I'm not on his side, that's for sure but there is absolutely no benefit to him not giving back customers cars.. if he could he would I imagine. __________________ 849rwhp/629rwtq - 10.56@142.7 - 5.6s 60-130 on street tires on 19x10" wheels - manual 6spd
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05-09-2013, 01:09 AM	#235
Sick335 Major 88 Rep 1,174 Posts Drives: 335i / X6M Join Date: Oct 2011 Location: Woodland Hills, CA iTrader: (2)	Wow this is bad... US legal system at its best
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05-09-2013, 01:11 AM	#236
aflatau First Lieutenant 54 Rep 327 Posts Drives: XM Join Date: Mar 2012 Location: Buffalo, NY iTrader: (1)	report your car stolen.. __________________ 24 XM(Current) 22 X540i(Sold) 21 M5 Comp(Sold) 07 Single Turbo 335i(one of the first, sold)
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05-09-2013, 01:33 AM	#238
ken1137 Brigadier General 89 Rep 3,732 Posts Drives: BMW S1000XR Join Date: Jun 2011 Location: Gilbert, AZ iTrader: (7) Garage List 2009 e90 335i [6.40]	Props to Shiv and F-U to all the haters. I donate over $7K to charities annually so if I want to give something to the OP it's none of your business. GL and hope all works out for the best. __________________ BMWCCA member
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05-09-2013, 01:56 AM	#242
Jeffman Lieutenant 28 Rep 488 Posts Drives: 2008 335xi E90 Join Date: Jul 2010 Location: Somewhere in America iTrader: (1) Garage List 2008 335xi Sedan [0.00]	Let's buy HPF! Somebody mentioned Kickstarter...1000 customers/investors x $200 is $200K...
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