Genmar

Modified by mfd219 at 2:03 PM 6/3/2009

Yep.............Thats all thats left.

It's a shame but most these boat companies have done it to themselves. How many working class people can afford a $50,000.00 boat? I can't even think about signing a ten year note on a boat.

So what does this mean for current owners of these brands?

They filed chapter 11 so I think they'll still be in business but it protects them from their creditors. I would think they'll still cover warranty and sell boats but don't have to pay what they owe to their suppliers.