 On November 21, 2006, Woodwind & Brasswind filed for bankruptcy protection, as the unfavorable verdict caused the company to default on various loans and payable accounts.The bankruptcy was caused by the verdict of an ongoing legal battle with the previous owners of Zapf’s Music Store initiated by their dismissal.On November 28, 2006, Guitar Center offered $37.1M for the purchase of Woodwind & Brasswind.