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Find out which is right for you and weigh the alternatives. Finder is committed to editorial independence. While we receive compensation when you click links News, analysis and comment from the Financial Times, the worldʼs leading global business publication We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media If the process of filing a bankruptcy has left you wondering what all is involved, now's the time to learn. While the steps leading up to the actual event are rather involved, there are still some If the process of filing a bankruptcy ha If you're having debt management problems, did you know there were several types of bankruptcy available to take advantage of? Some are meant for businesses while others were meant for personal If you’re having debt management problems, Explore alternatives to Chapter 7 or Chapter 13 bankruptcy before you file. By Cara O'Neill, Attorney COVID-19 Updates: Retirement Accounts; Stimulus Funds; Online Filings The coronavirus pandemic has impacted millions, but you can still ma If you are deciding if bankruptcy is right for you, the first step is to learn about bankruptcy.

Unlike the There were a lot of subterranean rumors flying around the show in Annapolis last October about big trouble at Gunboat, so I wasn’t too surprised when the company announced the following month that they were filing for Chapter 11 bankruptcy (to reorganize rather than liquidate). In In re Gunboat International, Ltd., the United States Bankruptcy Court for the Eastern District of North Carolina held that section 363 (m) of the Bankruptcy Code, which protects a good faith purchaser from a reversal of an order approving a bankruptcy sale, does not apply to collateral attacks on a sale order under Rule 60 (b) of the Federal Rules of Civil Procedure (“FRCP”). I Gunboat International filed for Chapter 11 bankruptcy protection on Wednesday. Gunboat International, the manufacturer of luxury carbon fiber sailing catamarans, will be sold at auction to the highest bidder, a bankruptcy court has decided.

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Advertisement By: Jacob Silverman & Ed Grabianowski Fili Bankruptcy is a process designed to help a person or business discharge debts and get a financial fresh start. Learn the different types and how the system works. Bankruptcy is a legal process designed to help individuals and companies get Compare the three main types of bankruptcy for individuals: Chapters 7, 11 and 13.

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Past struggles included the dismasting and abandonment of Rainmaker, problems with the Gunboat, the builder of multi-million dollar, high-performance catamarans that located in Wanchese nearly four years ago, then filed for Chapter 11 bankruptcy last fall, is reportedly going up for auction. When Gunboat, the US company that created the luxury super-fast carbon catamaran range, went into Chapter 11 bankruptcy last year, there were big questions about the future of one of sailing’s Initially called "Gunboat No. 1", Von der Tann was the most modern ship in the navy. She participated successfully in the First Schleswig War of 1848–1851. Britain built a large number of wooden screw-gunboats during the 1850s, some of which participated in the Crimean War (1853–1856), Second Opium War (1856–1860) and Indian Mutiny (1857–1859). The GORGEOUS Gunboat 57 VAIVAI sold to a new owner this week through Gunboat Brokerage, just days after TRIBE!

There were a lot of subterranean rumors flying around the show in Annapolis last October about big trouble at Gunboat, so I wasn’t too surprised when the company announced the following month that they were filing for Chapter 11 bankruptcy (to reorganize rather than liquidate). Gunboat is proud to announce that the esteemed yachting group, Grand Large Yachting, has purchased the Gunboat brand and rights to continue manufacturing the Gunboat series.This past Saturday, Grand Large Yachting (GLY) hosted Gunboat owners, crew and friends at the New York Yacht Club for a down home BBQ and classic NYYC’s Dark-N-Stormy. Premier Marine files for bankruptcy protection The company listed in a filing on Monday estimated liabilities between $10 million and $50 million. By Reagan Haynes Gunboat is a yacht manufacturer that currently has 6 yachts for sale on YachtWorld, including 3 new vessels and 3 used yachts, listed by experienced yacht brokers and boat dealerships mainly in the following countries: Antigua and Barbuda, France, New Zealand and United States. Models currently listed on YachtWorld range in size and length from 48 Sad to see another boat builder go under but refreshing to see that the owner seems to have accepted his financial responsibilities and taken the hit towards boats built/in build and not tried to shift responsibility onto the boat fabricators who it seems built some boats with issues.
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While we receive compensation when you click links News, analysis and comment from the Financial Times, the worldʼs leading global business publication We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media If the process of filing a bankruptcy has left you wondering what all is involved, now's the time to learn. While the steps leading up to the actual event are rather involved, there are still some If the process of filing a bankruptcy ha If you're having debt management problems, did you know there were several types of bankruptcy available to take advantage of? Some are meant for businesses while others were meant for personal If you’re having debt management problems, Explore alternatives to Chapter 7 or Chapter 13 bankruptcy before you file. By Cara O'Neill, Attorney COVID-19 Updates: Retirement Accounts; Stimulus Funds; Online Filings The coronavirus pandemic has impacted millions, but you can still ma If you are deciding if bankruptcy is right for you, the first step is to learn about bankruptcy.

Company owner Peter Johnstone posted a letter on the Gunboat International Facebook page saying that a legal dispute with a boat building company was central to his own company’s financial problems.
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“In a period of non-stop accolades and introduction of several terrific new models, Gunboat has been quietly struggling 2016-01-19 · PETER JOHNSTONE: No Longer at the Helm at Gunboat. There were a lot of subterranean rumors flying around the show in Annapolis last October about big trouble at Gunboat, so I wasn’t too surprised when the company announced the following month that they were filing for Chapter 11 bankruptcy (to reorganize rather than liquidate). Gunboat is proud to announce that the esteemed yachting group, Grand Large Yachting, has purchased the Gunboat brand and rights to continue manufacturing the Gunboat series.This past Saturday, Grand Large Yachting (GLY) hosted Gunboat owners, crew and friends at the New York Yacht Club for a down home BBQ and classic NYYC’s Dark-N-Stormy. Premier Marine files for bankruptcy protection The company listed in a filing on Monday estimated liabilities between $10 million and $50 million.

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North Carolina-based Gunboat International Ltd. will be sold at auction as a single lot to bidders. Barry Carroll, who was chief operating officer, has been named the new president. Papers filed in U.S. Bankruptcy Court in the Eastern District of North Carolina requested compensation throughout the process for Carroll in his new role. UPDATE 1/9/2017: Rainmaker is currently at the Multihull Centre in Cornwall, England, ready to head into her refit. See pictures here. UPDATE 8/10/2016: To read Rainmaker's salvage listing, click here.

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Being bankrupt normally lasts 12 months and it?s after this period of time that you will be freed from your bankruptcy and Gunboat filed for bankruptcy protection in November 2015, with founder Peter Johnstone stepping down earlier this year. – Trade Only, full report … Full Article: Scuttlebutt Sailing News – Gunboat Sold at Auction, Editor. Clipper Race: Welcome to the Drifter Zone: The high-end catamaran yard Gunboat, founded in the 2000s by Peter Johnstone of the J-boats founder family, and known for its foil cruising catamaran had been placed under Chapter 11 protection on 18 November 2015. In accordance with US bankruptcy law, the company was put up for auction. The buyers had until 15 April 2016 to make themselves known.

GUNBOAT, Newport, Rhode Island. 20,788 likes · 1,107 talking about this. High performance, all-carbon, world cruising catamarans.