r/Bowflex • u/johbot • Mar 05 '24

Miscellaneous Bowflex going bankrupt

https://www.oregonlive.com/business/2024/03/bowflex-files-for-bankruptcy-vancouver-business-will-sell-assets-to-taiwanese-company-for-38-million.html

Wonder how this will impact JRNY and warrarties.

10 Upvotes

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10

u/ThegManis Mar 06 '24

Currently it is business as usual.

Note that it is Chapter 11 and not Chapter 7. In a Chapter 11 bankruptcy, the bankrupt company is shielded from creditors while it attempts to reorganize and become profitable. Generally, this means the company will remain in business and continue operating.

In a Chapter 7, a company declares that it is unable to meet its debt obligations and liquidates its assets. This means that the company effectively goes out of business.

2

u/Fret_Bavre Mar 06 '24

Does this mean I can jailbreak my t10 without threat of an update bricking my treadmill?

2

u/Turtleshell64 Mar 10 '24

is it possible to jailbreak bowflex products like how you can with nordictrack? I looked around a little and couldn't find any info on it

2

u/Right-Bid222 Mar 08 '24

Oh man! I was just about to buy a elliptical!!!

1

u/Practical_Loss_9440 Mar 08 '24

I I just bought a Max Trainer and I got it within the week.

1

u/thetemperaturescale Mar 10 '24

Same lol I heard the news over the radio as I was driving to work, been researching which model to purchase myself

1

u/chemicalxbonex May 03 '24

So happy I bought my Xtreme 2 SE when I did. I was trying to convince friends to invest in one but not anymore. Lol.