Derecktor Shipyards CT Files for Chapter 11

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Soundbounder

Soundbounder

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Dec 26, 2008
134
Bristol 30 Long Island Sound
Derecktor Shipyards Conn. LLC, based in Bridgeport, Connecticut, has announced that it is seeking protection under the Chapter 11 bankruptcy and reorganization laws.

A depressed economy, the cash drain of investment made in building out the Bridgeport facility, and a recent lack of new construction opportunities, have put a tremendous strain on the company’s finances, according a company press release issued January 21.


http://boatinglocal.com/news/derektor-shipyards-files-for-chapter-11.html




:cry:
 
Soundbounder

Soundbounder

.
Dec 26, 2008
134
Bristol 30 Long Island Sound
Now it looks like the Mamaroneck yard is in trouble

"Derecktor, the yacht builder that has gone bankrupt twice in Connecticut, and now also in New York as its shipyard there seeks Chapter 11 protection, is finished in Bridgeport, according to a city official."

"Evicted from its facility, a $1.77 million lien on its equipment, and on Monday the Mamaroneck, N.Y.-based company's shipyard joined Derecktor Connecticut in bankruptcy, leaving Bridgeport's top development official with no doubt about the yacht-maker's future here."


Read more: http://www.ctpost.com/news/article/...oblems-hit-New-York-3372261.php#ixzz1nrljFbLt
 
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