McMahon’s is Seeking Bankruptcy Protection

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June 19, 2014 by   Comments Off on McMahon’s is Seeking Bankruptcy Protection

McMahon’s RV, once one of the largest recreation vehicle companies California, has filed for Chapter 11 bankruptcy protection, according to a report by the Orange County Register.

The Westminster-based company has faced a string of problems recently, including a legal battle with a key lender, a stream of customer complaints and a state investigation.

Mega RV Corp., which does business as McMahon’s RV, estimates its assets total $10 million to $50 million, based on its Chapter 11 petition.

The dealership has been tangled in a court battle in U.S. District Court in Santa Ana with GE Commercial Distribution Finance Corp., which provided McMahon credit to finance its RV inventory. GE has accused McMahon of defaulting on payments and continuing to sell financed RVs to consumers, even after receiving default notices, court records show.

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