Thursday, 09 September 2010 17:25
This is, far and away, the saddest piece of industry news I’ve ever had to report. Eliminator Boats, the perennial leader in the West Coast Custom performance-boat market, is filing for Chapter 11 Restructuring. That means, for those who might not understand the shorthand of restructuring, bankruptcy.
It’s not anything we like doing, but on the other hand the option not to it is fatal,†said Bob Leach, the owner and founder of the Perris Valley, Calif., company, which in its best years produced more than 300 boats. “I would rather pay everybody every dollar we owe, but it’s just not in the cards at the moment  … More