SailNet Community - View Single Post - Derecktor Shipyards CT Files for Chapter 11
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post #2 of Old 01-23-2012
mstern
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Sad, but not surprising. Wasn't the current incarnation of this company formed when Derecktor went bust a few years ago? If I recall, the new Derecktor bought all of the assets of the old Derecktor at firesale prices; it was mostly the same management and workers, just with a new corporate face. If they couldn't make a go of it then, it shouldn't be too surprising that this version of the company had the same problems. It seems that their one huge project (Cakewalk?) staved off bankruptcy for only so long.
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