Toyota dealership sale blocked

Toyota dealership sale blocked

There are 15 comments on the TwinCities.com story from Oct 28, 2009, titled Toyota dealership sale blocked. In it, TwinCities.com reports that:

The sale of Denny Hecker's Brainerd-area Toyota Scion dealership came to a halt Wednesday when the judge in his bankruptcy case denied the deal.

Join the discussion below, or Read more at TwinCities.com.

LiberalBuster

Kenly, NC

#2 Oct 28, 2009
"The judge didn't like that the sales agreement was negotiated by Mr. Hecker and Mr. Walser and that they didn't seek the trustee's involvement," said Matt Burton, a lawyer representing the trustee, Randall Seaver.

This trustee doesn't know his ash from a hole in the ground. Anything that would generate cash for the situation is a good thing. Most trustee's have an ego bigger than an elephant anyway!
Brett Favre

Henderson, NV

#3 Oct 29, 2009
My mother-in-law has an As$ bigger than an elephant's.
Anon

Minneapolis, MN

#4 Oct 29, 2009
Hecker was going to get paid about as much as a General Manager (the guy who runs the whole dealership), just to be a consultant. That in itself, was fishy enough to warrant an article in the Pioneer Press.

When I worked at Southview Chevrolet, there were 23 other Chevrolet dealerships in the Twin Cities Metro Area. There were only 7 Toyota dealerships and Toyota sold more vehicles in the US than Chevrolet. It is easy to see why this dealership is coveted and why owners would agree to just about any purchase arrangement. Toyota is the future and this is the only Toyota dealership in Northern MN. Toyota dealerships are hard to come by also. Only a select few owners have one.
roar

Mound, MN

#5 Oct 29, 2009
All these guys, Hecker, Walser, etc. work these deals in the backroom and laugh about it. They live lives that none of us could comprehend, hugh houses, vacation homes, cars, boats, etc. Most do not have any idea what it is like to make ends meet and really go to work, they inherited the money and their wealth.

roar
Feces Occurs

Saint Paul, MN

#6 Oct 29, 2009
Even if the money goes to pay creditors he still ends up with 2 free cars and free gas. Besides, how much consulting would he be able to do from prison?
Toyota owner

Minneapolis, MN

#7 Oct 29, 2009
Anon wrote:
....It is easy to see why this dealership is coveted and why owners would agree to just about any purchase arrangement. Toyota is the future and this is the only Toyota dealership in Northern MN....
Don't tell that to the Toyota dealers in St. Cloud, Bemidji, Virginia, Duluth, Grand Forks (ND), and Superior (WI)....there's enough Northern dealers that the customers can drive a bit and shop for a deal.
Hecker's franchise should, and probably will, be pulled from him. Toyota can then control the sale to the dealer they choose. Walser should distance themselves from Hecker...that type of association only exposes what Walser must be about!

Since: Aug 09

Saint Paul, MN

#8 Oct 29, 2009
Great job, judge. I'm sure the workers at the dealership are happy you are keeping them from going back to work. And I'm sure Walser will pay just as much for cars that are 2 months older by the time you get your act together, right?

I hope the deal falls apart, and you get half the money in a few months. I'm sure the people who are waiting for whatever proceeds they can get will be thrilled.
Randall Seaver

Maple Grove, MN

#9 Oct 29, 2009
I have no problem with selling his borrowed assets to help the others he stole from to buy his property, however it's the kinky nature of his deal, he wants to be paid as a consultant?! he wants to get paid doing nothing, this guy couldn't buy a happy meal without a loan period end of story. When Petters gets convicted the next trail will be The state of Minnesota vs. Dennis Earl Hecker or the United States vs. Dennis Earl Hecker......By by Jabba
Rumblebee

Saint Paul, MN

#10 Oct 29, 2009
It's simple, change the consulting contract to one year. Add the money saved to the purchase price. Walser will do it, then the money goes to creditors instead of giving Denny easy money for an extra three years.
denny heckler

Big Lake, MN

#11 Oct 29, 2009
Denny stopped making payments on the dealership and it closed up so how in the he!! would he see a single penny from the sale of this place .... wouldn't the place be owned by the company holding the motrgage

Since: Aug 09

Saint Paul, MN

#12 Oct 29, 2009
denny heckler wrote:
Denny stopped making payments on the dealership and it closed up so how in the he!! would he see a single penny from the sale of this place .... wouldn't the place be owned by the company holding the motrgage
I have never heard he owed anything on the dealership (building and franchise). In that case, he can sell and use the proceeds to pay his debt. It also sounds like the cars are paid for, or Toyota would have been able to take them back as collateral on his loan.

Sometimes even people with debt own some of their property outright...
Anon

Minneapolis, MN

#13 Oct 29, 2009
Toyota owner wrote:
<quoted text>
Don't tell that to the Toyota dealers in St. Cloud, Bemidji, Virginia, Duluth, Grand Forks (ND), and Superior (WI)....there's enough Northern dealers that the customers can drive a bit and shop for a deal.
Hecker's franchise should, and probably will, be pulled from him. Toyota can then control the sale to the dealer they choose. Walser should distance themselves from Hecker...that type of association only exposes what Walser must be about!
The next closest Toyota dealership to the Brainerd one is in St Cloud, 58 miles away. The second closest is in Bemidji, 85 miles away. That's not much for competition from other Toyota dealerships.
viagra guy

Big Lake, MN

#14 Oct 29, 2009
Incredible70 wrote:
<quoted text>
I have never heard he owed anything on the dealership (building and franchise). In that case, he can sell and use the proceeds to pay his debt. It also sounds like the cars are paid for, or Toyota would have been able to take them back as collateral on his loan.
Sometimes even people with debt own some of their property outright...
I had read that he stopped making payments on the place and it then closed up .... at this time I don't remember where I read it(maybe at star trib site) but i did read that within the last day or so
viagra guy

Big Lake, MN

#15 Oct 29, 2009
just saw it on the star trib site .... Toyota had been running the Brainerd dealership for months after Hecker DEFAULTED ON HIS LOAN PAYMENTS ....Toyaota closed it down last month .... so why does Denny get any of the money if the place sells ??
anon

Minneapolis, MN

#16 Nov 10, 2009
roar wrote:
All these guys, Hecker, Walser, etc. work these deals in the backroom and laugh about it. They live lives that none of us could comprehend, hugh houses, vacation homes, cars, boats, etc. Most do not have any idea what it is like to make ends meet and really go to work, they inherited the money and their wealth.
roar
Maybe you should do some research on Bob Ebert and the Walsers before you spout off. Notice that Bob was a service director for Walser, running several service departments. Service advisors alone work in excess of 60 hours a week--imagine what their director must put it. Likewise for the Walser brothers; you can't run a multi-franchise business without putting in effort. Let me know where you read that Bob and the Walsers got wealth handed to them. It is called hard work.

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