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Old 23-01-2012, 10:07   #1
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Derecktor Shipyards CT Files for Chapter 11

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.


Derecktor Shipyards Files for Chapter 11 | BoatingLocal.com



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Old 23-01-2012, 10:15   #2
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Re: Derecktor Shipyards CT Files for Chapter 11

I don't think this is the first time they have done this.
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Old 24-01-2012, 06:29   #3
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Re: Derecktor Shipyards CT Files for Chapter 11

Quote:
Originally Posted by donradcliffe View Post
I don't think this is the first time they have done this.
You're right!

Since around 2005, they have been in bankruptcy several times
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