IN
THE
WIND
P28
E
rik Buell Racing (EBR), the
company that rose from the
ashes of Buell Motorcycles, is
no more. EBR has been placed
into receivership in the hands
of court-appointed attorney
Michael S. Polsky and has filed
for Chapter 128 court protection
from creditors under a Wiscon-
sin state statute similar to federal
bankruptcy law. EBR is reported
to have more than $20 million
in outstanding liabilities, and in-
formed its 126 staff last Wednes-
day that they were immediately
out of a job.
"To say this setback is a disap-
pointment does not begin to
express what I feel right now,"
company founder Erik Buell said
in a statement released on April
15. "I am personally grateful for
the support of our outstanding
workers, customers and vendors.
The turn we recently took, after
we thought we were moving
forward, was unexpected. We
EBR FILES FOR RECEIVERSHIP
