JUNCTION CITY, Ore. -- Though time is running out, Country Coach isn’t giving up yet, CEO Jay Howard said Friday.

The Junction City recreational vehicle manufacturer, forced into Chapter 11 bankruptcy Thursday by its majority owner, is still working and talking daily with creditors and investors in an effort to find a solution that will enable the company to carry on, Howard said.

“We have a compelling business plan going through reorganization,” he said.

“The optimum solution for the company and these employees and unsecured creditors and the bank and the current investment group is to reach an agreement that provides financing for the company to go forward.”

While offering no specifics, Howard said the business plan would allow the company to survive and grow and bring employees back, even in the most difficult economic times. But time is running out, he said. The company has about one more week to try to put something together, he said.

“The ultimate control of this company is in the bankruptcy court’s hands,” he said.

If no solution is found, Howard said he would resign as chief executive officer.

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