Those who have been following this thread will notice that we've cut it down significantly and will close it after I post this. Not the forum for the insider carping back-and-forth, as that stuff isn't of value to leaders.
Left the original question and some of the links up, as I do believe a Chapter 11 filing is a relevant issue for PTO and PTA leaders. Leaders looking to dive deeper can follow those links and read the filings. Sounds like there will be likley more action today (hearing scheduled, I believe).
If we learn more that we determine relevant for leaders, we'll be sure to keep folks posted.
For those of you that take an extreme side one way or the other, look at the facts.
Some are saying that VG will not make it under any circumstances and others are saying because their rep is a nice guy VG will perform as desired. Both extremes are childish and without logic.
If you are actually concerned about the facts of the case follow this link:
A question was asked about this issue, and the company in general.
Other fundraising companies have filed Chapter 11 in the past year.
Ask around and see what happened to those companies.
My suggestion to group leaders is to do your research and understand that many of the anonymous posters here likely have an angle or a personal interest. Competitors of VG have a vested interest in getting VG schools to switch. VG has a vested interest in having committed schools stay.
To all: a discussion of the risks (or protections) associated with working with a company in Chapter 11 is welcome, especially if you're on the record. Please refrain from personal allusions or over-the-top statements of absolutely this or absolutely that. No one can say VG (or any company) is absolutely going to make good on all commitments. Just as no one can say VG is absolutely not going to do so. Please keep that in mind.
Has anyone else heard about Varsity Gold filing for Chapter 11? We love the prize program and are considering running the Chippery Program for the Spring, however, we were told they have been put on COD status with all of thier vendors. I googled it and sure enough they filed for chapter 11. Is this something that should make us reconsider our choice to use them. Please give me your thoughs as I am the one that went to bat for them with our board. I would hate to hear the ole "We told you so"
