FTCA has not gone bankrupt. I have been in touch with the bankruptcy court of Western Pennsylvania where FTCA/Blackstreet Capitol Management Corp filed for bankruptcy, (they filed March of 2011). I was told by the court trustee, that, a motion was made by one or more creditors to have the case dismissed. The judge in this case granted dismissal of the bankruptcy proceedings. So officially there is no bankruptcy for FTCA. I spoke with court Trustee Lisa Swope. The proceedings were dismissed back in October of 2011. She did not elaborate on which creditor(s) made the motion for dismissal.
After discussion with the court Trustee, I made contact with the Better Business Bureau for a recourse of action to hold FTCA responsible for the warranty obligations due to the owners with lifetime warranty on their roofs. The BBB listened to my story about the faulty roof and the situation with FTCA ceasing operations at the PA manufacturing facility. I also told them of the decision of the courts. The Better Business Bureau suggested that as owners without any recourse for warranty coverage may want to contact their lawyers to see what may be able to be done in these cases. This I will do as soon as I find the time to do so. I believe that a class action suit needs to be created to get some restitution from FTCA on these roofs. Any interested parties feel free to email me.
In the mean time I am not going to wait for any decision from this process to have my roof repaired. I will try and have the repairs made by either Line-X or Rhino Lining. I have heard that this process has had a great deal of success. After I speak to Line-X, I'll post a report on the cost of such a repair. I will save all of my receipt's for any repairs, just in case some court steps in an make a decision on who should pay for these repairs.
So all is not lost just yet, contact your lawyer, post your results, don't just sit there and take this crap from a company famous for take overs and liquidating the company after that and shoving it to their workers and the owners of their products. Speak up, be heard, contact your lawyer, squeaky wheels get the grease! Bob