Derecktor Shipyards CT Files for Chapter 11

[Soundbounder]

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



https://www.facebook.com/pages/Derec...8755257?ref=ts

[donradcliffe]

I don't think this is the first time they have done this.

[Soundbounder]

Originally Posted by donradcliffe

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