Fountain Powerboat Industries Inc. Files for Bankruptcy

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Basic filing information

Debtor Fountain Powerboat Industries Inc.
Case number 12-11359
Filing Type Chapter 11
Court Southern District of Florida, West Palm Beach
Filing date Jan 18, 2012
Assets $ 0.00
Liabilities $ 53,605,987.16



Filing Notes:

The Washington, N.C., boatmaker files for Chapter 11 for a second time after a receiver is appointed in state court. Fountain previously filed for Chapter 11 on Aug. 24, 2009, in the Eastern District of North Carolina. (See separate entry.) Nine affiliates also filed petitions, including American Marine Holdings LLC.