# Greddy / Trust files for bankruptcy
**URL:** https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358
**Category:** SON240sx Automotive
**Created:** [September 10, 2008, 1:39pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358 "2008-09-10T13:39:56Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@bing](https://forums.speedlife.net/u/bing)
#### Post date: [September 10, 2008, 1:39pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/1 "2008-09-10T13:39:56Z")
[http://www.gtchannel.com/content.php?cid=30955](http://www.gtchannel.com/content.php?cid=30955)
The market for aftermarket parts from Japan has been declining for well over five years, due in part to decreased demand both at home and abroad and the rising rates of Chinese knock-offs and other inexpensive (and dubiously built) components.
Today, one of the world’s largest performance parts companies, known as [Trust](http://www.trust-power.com/overseas/index.html) in Japan and Greddy here in the States, declared bankruptcy. According to various reports, Trust is approximately $60 million in debt and, after reporting a serious decline in sales since February 2008 and amassing $43 million in loan payments, filed for bankruptcy in Tokyo District Court.
Trust has been around since 1976, employs almost 200 workers and had been dealing in everything from CARB-legal exhausts to turbo systems when Greddy Performance Products was founded in the U.S. in 1994. There are several firms that will step up to fill the need of enthusiasts, assuming that Trust doesn’t try to reorganize, but with the aftermarket industry down overall, we suspect this won’t be the last time we’ll here about a large tuner going under.
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### Author:  [@jammin1911](https://forums.speedlife.net/u/jammin1911)
#### Post date: [September 10, 2008, 1:56pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/2 "2008-09-10T13:56:42Z")
bing did it
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### Author:  [@imported\_Jared](https://forums.speedlife.net/u/imported_Jared)
#### Post date: [September 10, 2008, 1:59pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/3 "2008-09-10T13:59:52Z")
Well that sucks balls… Trust/Greddy was legit…Maybe they will clear out all their shit now ?
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### Author:  [@sil8t](https://forums.speedlife.net/u/sil8t)
#### Post date: [September 10, 2008, 2:03pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/4 "2008-09-10T14:03:45Z")
bound to happen… with all the cheap after market shit out there.
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### Author:  [@pik420](https://forums.speedlife.net/u/pik420)
#### Post date: [September 10, 2008, 2:09pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/5 "2008-09-10T14:09:10Z")
I am sure Bings.ca has taken away a small peice of the pie.
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### Author:  [@Lucidsnow](https://forums.speedlife.net/u/Lucidsnow)
#### Post date: [September 10, 2008, 2:09pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/6 "2008-09-10T14:09:43Z")
its ok. when they stop putting money into designing new things. what knockoff company can copy products that stopped to be designed? knockoff companys will go down aswell since no other products to sell other then what they currently sell.
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### Author:  [@KA24Power](https://forums.speedlife.net/u/KA24Power)
#### Post date: [September 10, 2008, 2:10pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/7 "2008-09-10T14:10:42Z")
so… super cheap greddy parts?
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### Author:  [@i-Drift](https://forums.speedlife.net/u/i-Drift)
#### Post date: [September 10, 2008, 2:19pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/8 "2008-09-10T14:19:25Z")
I predict that Greddy/ Trust will re-open under a different name, soo look out for thier style and quality. 60 million is to large a debt to pay off but over 30 years of good rep and experience is hard to thrown away.
But it is inevidable that such big tuners will not just lock it up and throw it away.
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### Author:  [@matty](https://forums.speedlife.net/u/matty)
#### Post date: [September 10, 2008, 2:28pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/9 "2008-09-10T14:28:56Z")
better start scooping up some trust parts - extra balla points now
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### Author:  [@Multisynclg](https://forums.speedlife.net/u/Multisynclg)
#### Post date: [September 10, 2008, 2:39pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/10 "2008-09-10T14:39:58Z")
insert applesauce’s comments here:
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### Author:  [@matty](https://forums.speedlife.net/u/matty)
#### Post date: [September 10, 2008, 3:26pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/11 "2008-09-10T15:26:40Z")
haha
i dont even have a car to buy parts for, let alone greddy ones
even more balla now
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### Author:  [@AppleSauce](https://forums.speedlife.net/u/AppleSauce)
#### Post date: [September 10, 2008, 3:44pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/12 "2008-09-10T15:44:30Z")
> [@FS: 90 Talon Tsi](https://forums.speedlife.net/t/fs-90-talon-tsi/18163/32):
>
> insert applesauce’s comments here:
You crazy?? Bing only posted this thread so he can argue with someone about Greddy’s poor business plan and market strategy. I’m not taking the bait, someone else can boost his interweb ego.
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### Author:  [@imported\_Jared](https://forums.speedlife.net/u/imported_Jared)
#### Post date: [September 10, 2008, 5:47pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/13 "2008-09-10T17:47:48Z")
**alright, i got a propsition for all you guys.**
If every son member tosses down around 13,800 bucks, we can buy out Greddy/Trust. Im down. Considering the active members here, might be closer to 100k, but still…we could rename it to like… SON - super owsome nawwws or something…
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### Author:  [@polishprince](https://forums.speedlife.net/u/polishprince)
#### Post date: [September 10, 2008, 6:13pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/14 "2008-09-10T18:13:26Z")
in for cheap greddy parts…
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### Author:  [@Theo23](https://forums.speedlife.net/u/Theo23)
#### Post date: [September 10, 2008, 6:17pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/15 "2008-09-10T18:17:41Z")
Good job Bing, you conquered them!
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### Author:  [@Keez](https://forums.speedlife.net/u/Keez)
#### Post date: [September 11, 2008, 10:36am UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/16 "2008-09-11T10:36:23Z")
yea if they are going down, this means that all their stock is gunna be mo cheap.
loool
sucks tho but i think i heard something about greddy / trust a while back going under like a year ago.
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### Author:  [@Martino](https://forums.speedlife.net/u/Martino)
#### Post date: [September 11, 2008, 10:38am UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/17 "2008-09-11T10:38:42Z")
Ok, so EVERYONE keep their ears open for mad blowout sales lol
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### Author:  [@codyne](https://forums.speedlife.net/u/codyne)
#### Post date: [September 11, 2008, 1:04pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/18 "2008-09-11T13:04:48Z")
> [@Meets In West Seneca](https://forums.speedlife.net/t/meets-in-west-seneca/18097/37):
>
> **alright, i got a propsition for all you guys.**
>
> If every son member tosses down around 13,800 bucks, we can buy out Greddy/Trust. Im down. Considering the active members here, might be closer to 100k, but still…we could rename it to like… SON - super owsome nawwws or something…
lol.
im in.
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### Author:  [@s13Junkyard](https://forums.speedlife.net/u/s13Junkyard)
#### Post date: [September 11, 2008, 7:10pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/19 "2008-09-11T19:10:22Z")
hahahaha thanks bing
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### Author:  [@02GD\_Wagon](https://forums.speedlife.net/u/02GD_Wagon)
#### Post date: [September 11, 2008, 7:20pm UTC](https://forums.speedlife.net/t/greddy-trust-files-for-bankruptcy/118358/20 "2008-09-11T19:20:16Z")
hahaha,
nice comments.
_this will piss off jammin_ super cheap emanage for me to scoop up now 😃
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