Hallmark truck camper files for bankruptcy

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A Colorado camper manufacturer has filed for bankruptcy.

Hallmark RV, which operates in Fort Lupton at 12524 Weld County Road, filed for Chapter 11 bankruptcy last week.
The company said it has 50 to 99 creditors with unsecured claims. The top 20 creditors were listed in the filings, totaling $47,000 in debt. Hallmark said it has less than $50,000 in assets.
Chapter 11 bankruptcy allows a business to restructure and keep operating while paying creditors over time.
Hubert Ward started making RVs in 1958, but founded Hallmark with his son William in 1969. William Ward is now president and owner, and signed the bankruptcy filing on behalf of the company. He declined to comment.

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Hallmark makes pop-up truck campers, meaning the campers are built in and around truck beds. According to the company’s website, all camper exterior frames and roofs are made with fiberglass, but clients can customize the flooring, cabinets or skylights, for example. Campers range from $34,000 to $108,000.
The company’s creditors include outdoor manufacturing companies Dometic Corp. and Torklift International.
Hallmark is involved in one active lawsuit. In October 2022, the company was sued by CF Maier Composites, which said Hallmark failed to pay $1,750,000 for fiberglass composites it ordered. The case was set for trial in November, but will be paused due to the bankruptcy filing.
In summer 2020, Ward told BusinessDen business was booming through the pandemic, as many people took to the outdoors. He said the company had received 300 orders since the pandemic started, a period of time in which it would normally expect to see no more than 20 orders.
Attorney Steve T. Mulligan with Coan, Payton & Payne is representing the company in bankruptcy proceedings. He did not respond to a request for comment.

https://businessden.com/2023/03/13/hallmark-truck-camper-files-for-bankruptcy/

 

[TacomaAustin]

That ain't good. I'm assuming that to order a build, the buyer has to put down a deposit.

 

[capt.don]

My thoughts as well. A $5k deposit on standard and 50% down on custom, all non-refundable. I wonder if this will delay and/or cease current production leaving customers holding the bag, hopefully not. Not to insinuate anything fishy, but there seems to have definitely been some management issues.

 

[smlobx]

I’m really sorry to read this. The Ward family have been great to deal with in the few times I’ve had any questions. They are a very small family run business and Bill, the dad, is getting up in years. Last time I was there in 2020 they shop was full of campers in various stages of completion. I hope they can get themselves on the right track.

If I remember correctly there was a deposit required upon placing the order of maybe $5000 then another payment when the actual project started, which for us was a few months later, with final payment due at pick up.

 

[Durango1]

Sad. I will say 47K in debt isn't much to file bankruptcy over plus 50K in assets is nada. But lots of behind the scenes legal stuff going on and I'm not an attorney!

 

[eyemgh]

You'd be hard pressed to find a more conscientious, friendly, quality minded group than the Wards. I certainly wish them the best!

 

[DarinH]

March 21 Instagram post from HC.
That’s my rig BTW, that I picked up on March 10.

 

[eyemgh]

March 21 Instagram post from HC.
That’s my rig BTW, that I picked up on March 10.

IMG_1801.JPG

Nice rig!

 

[smlobx]

Yes very nice. Go out and enjoy yourself!

 

[smlobx]

Another tidbit of info…

https://www.truckcampermagazine.com/news/important-hallmark-manufacturing-announcement/

 

[rick6633]

I agree with the one comment made by a senior member. "You'd be hard pressed to find a more conscientious, friendly, quality minded group than the Wards. I certainly wish them the best!"

I've started my relationship with this family back in 2008. I took Delievery of my Ute in 2009. I've traveled and lived in it many times over the years, for 3-6 months at a time. It's a great and well made camper. If I've ever had a question or need work done they've always been there. I don't know what's going on but I would certainly give them the benefit of the doubt. They are definitely a close net family with employees that have been with them for years. I've been to the factory and had lots of conversations with all of them. Great hard working family. I wish the the best.

 

[Cottonww]

May experience with Hallmark has been positive-positive-positive! Great service too!

 

[Jon R]

How is it that the top 20 creditors are owed 47k in the chapter 11 filing but the fiberglass supplier is suing over a 1.7M debt?

 

[smlobx]

How is it that the top 20 creditors are owed 47k in the chapter 11 filing but the fiberglass supplier is suing over a 1.7M debt?

source?