Eliminator Boats files Chapter 11 Restructuring

For those of you who don’t know, Eliminator Boats is a popular custom performance boat manufacturer from California. It has been rumored for a while, but it looks like Eliminator Boats is having to file for bankruptcy to stay afloat. A quote from Bob Leach, Eliminator’s owner, sums up the situation:

“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.

Read on at Boater Mouth for the rest of the details.

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Posted on: September 10th, 2010 at 4:26 am