Challenger boats closing doors.
05-02-2008 | 06:18 PM
#12
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From: Florida
Chitt.. I can't even read the article. I got this.
www.boating-industry.com/output.cfm?id=1597033 may try to steal your information.
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www.boating-industry.com/output.cfm?id=1597033 may try to steal your information.
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05-02-2008 | 06:33 PM
#13
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From: Lafayette,La
eric
05-02-2008 | 06:58 PM
#14
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From: Lake Lanier - N. Georgia
Come and help us some in the shop. I also have a 1 bedroom condo that is vacant. 770-560-3747 is my cell. Brian
05-02-2008 | 06:59 PM
#15
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From: Tucson, Arizona, USA
Here's the article. Challenger bought Sugar Sand and Gekko
in the last year or so, so expect them to be belly up too:
WASHINGTON, Mo. – Boat builder Challenger Powerboats, Inc. and its wholly-owned subsidiaries, IMAR Group, LLC and Marine Holdings, Inc., each filed voluntary petitions for relief under Chapter 7 of the United States Bankruptcy Code on April 25, according to an SEC form 8-K filed earlier this week.
The petitions were filed in the United States Bankruptcy Court for the Eastern District of Missouri, case numbers 08-42946-705, 08-42948-705 and 08-42950-705, respectively, the company reported.
Judge Rendlen has been assigned to the cases and the date jurisdiction was assumed is April 25. The bankruptcy trustee for all three entities is E. Rebecca Case and the date of her appointment is April 25, the form stated.
In connection with the filings, the company has ceased all business activity and operations.
“The company believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that the company's shareholders will be eligible to participate in any distributions of the company's assets as a result of the bankruptcy,” the SEC filing stated. “Upon liquidation, the company will cease operations and wind up its business.”
in the last year or so, so expect them to be belly up too:
WASHINGTON, Mo. – Boat builder Challenger Powerboats, Inc. and its wholly-owned subsidiaries, IMAR Group, LLC and Marine Holdings, Inc., each filed voluntary petitions for relief under Chapter 7 of the United States Bankruptcy Code on April 25, according to an SEC form 8-K filed earlier this week.
The petitions were filed in the United States Bankruptcy Court for the Eastern District of Missouri, case numbers 08-42946-705, 08-42948-705 and 08-42950-705, respectively, the company reported.
Judge Rendlen has been assigned to the cases and the date jurisdiction was assumed is April 25. The bankruptcy trustee for all three entities is E. Rebecca Case and the date of her appointment is April 25, the form stated.
In connection with the filings, the company has ceased all business activity and operations.
“The company believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that the company's shareholders will be eligible to participate in any distributions of the company's assets as a result of the bankruptcy,” the SEC filing stated. “Upon liquidation, the company will cease operations and wind up its business.”
05-02-2008 | 07:03 PM
#16
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From: Lake Lanier - N. Georgia
Here's the article. Challenger bought Sugar Sand and Gekko
in the last year or so, so expect them to be belly up too:
WASHINGTON, Mo. – Boat builder Challenger Powerboats, Inc. and its wholly-owned subsidiaries, IMAR Group, LLC and Marine Holdings, Inc., each filed voluntary petitions for relief under Chapter 7 of the United States Bankruptcy Code on April 25, according to an SEC form 8-K filed earlier this week.
The petitions were filed in the United States Bankruptcy Court for the Eastern District of Missouri, case numbers 08-42946-705, 08-42948-705 and 08-42950-705, respectively, the company reported.
Judge Rendlen has been assigned to the cases and the date jurisdiction was assumed is April 25. The bankruptcy trustee for all three entities is E. Rebecca Case and the date of her appointment is April 25, the form stated.
In connection with the filings, the company has ceased all business activity and operations.
“The company believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that the company's shareholders will be eligible to participate in any distributions of the company's assets as a result of the bankruptcy,” the SEC filing stated. “Upon liquidation, the company will cease operations and wind up its business.”
in the last year or so, so expect them to be belly up too:
WASHINGTON, Mo. – Boat builder Challenger Powerboats, Inc. and its wholly-owned subsidiaries, IMAR Group, LLC and Marine Holdings, Inc., each filed voluntary petitions for relief under Chapter 7 of the United States Bankruptcy Code on April 25, according to an SEC form 8-K filed earlier this week.
The petitions were filed in the United States Bankruptcy Court for the Eastern District of Missouri, case numbers 08-42946-705, 08-42948-705 and 08-42950-705, respectively, the company reported.
Judge Rendlen has been assigned to the cases and the date jurisdiction was assumed is April 25. The bankruptcy trustee for all three entities is E. Rebecca Case and the date of her appointment is April 25, the form stated.
In connection with the filings, the company has ceased all business activity and operations.
“The company believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that the company's shareholders will be eligible to participate in any distributions of the company's assets as a result of the bankruptcy,” the SEC filing stated. “Upon liquidation, the company will cease operations and wind up its business.”
05-02-2008 | 07:41 PM
#17
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I don't have anything personal against them but every time I saw them at boat shows they told me how great things were , public traded company , gov't contracts , etc. I never bought those apples and I'll be in the boat business for the next 20 years and then my son can take a stab at it. He's only 7 now - haha.
"they told me how great things were"
Same thing you did in a earlier post....
Seems perhaps you maybe taking glee in others woes. Ever hear of karma?
05-02-2008 | 08:08 PM
#18
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From: Lake Lanier - N. Georgia
05-02-2008 | 08:11 PM
#19
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Brian has Dave moved up yet? Your secret to success is going to be low overhead. Some of these builders are dying due to slow sales combined with high overhead costs.
05-02-2008 | 08:19 PM
#20
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From: Lake Lanier - N. Georgia
Yes David has moved here and he's living on my houseboat.The new 41 hull mold is complete. David went back down to wrap up some personal stuff and will be back in a few days. Yea low overhead is what keeps us in the game. All molds , our shop , etc is paid for.
