Local Bank Forecloses On Struggling Music Store
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Local Bank Forecloses On Struggling Music Store
Waco’s Holze Music Co. store could be sold at auction if the owners don’t pay what they owe to a local bank.
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(May 19, 2008)—Community Bank & Trust has foreclosed on Holze Music Company’s flagship store at 1210 Lake Air Dr. in Waco and the store could be sold at auction if the owners don’t pay what they owe.

It’s the latest setback for the struggling business, whose doors have been closed since May 2 when the Texas Comptroller’s Office seized Holze’s Waco store for failure to pay an outstanding $170,000 sales tax liability.

Holze also has stores in Temple, Killeen, Bryan, Frisco, Lewisville, Plano, Round Rock and Houston.

Those were not directly affected by the seizure, but were forced to close until Holze’s sales tax certificate is restored.

The problems could affect hundreds if not thousands of Central Texas band students and dozens of area schools.

Holze is the principal source of rented and rent-to-purchase band instruments in the region and the sole source of sheet music for many area school districts.

The store has been in business for more than 70 years in Waco.

A posting Monday on its Internet site said, “Watch this website to see which of our locations will reopen in your area.”

Click Here For Holze Web Site

Latest Comments

Posted by: Judy Location: Plano, TX on Mar 1, 2009 at 02:24 AM

Prior to Holze music closed they were withdrawing money from my account to pay for my son’s clarinet. Since then the payments are no longer coming out of my account. I know for a fact the contract is not paid in full and do not want it reported negatively on my credit report. How do I find out who I should pay and what my pay off amount is? Any help would be appreciated.
[ Report Abuse ]
Posted by: Liz on May 27, 2008 at 05:32 PM

does this effect anybody making payments or just those that are renting band equiptment? does anyone know? We got our stuff from another store.
[ Report Abuse ]
Posted by: mikey Location: mikeyt1959@yahoo.com on May 21, 2008 at 01:25 PM

TOOK THE MONEY AND RAN
[ Report Abuse ]
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