Washington Powerboat Company Files For Bankruptcy Again
Save Email Print
Bookmark and Share
Updated: 11:37 AM Jan 26, 2012
Washington Powerboat Company Files For Bankruptcy Again
A popular Washington boat company that came out of bankruptcy nearly two years ago is now forced to file for it again, according to published reports.
Posted: 5:52 AM Jan 26, 2012
width:200 and height: 120 and picwidth: 200 and pciheight: 120
Font Size:

A popular Washington boat company that came out of bankruptcy nearly two years ago is now forced to file for it again, according to published reports.

Fountain Powerboats, which is based in Washington, filed for bankruptcy earlier this month in Florida for the second time in two years. The company listed more than $53 million in liabilities and less than $50,000 in assets according to court documents.

Liberty Associates bought Fountain Powerboats from Reggie Fountain after it went bankrupt the first time in 2009. The powerboat company was once a major employer in Beaufort County before filing for Chapter 11.

Latest Comments

Posted by: xp3flyboy to Anonymous on Jan 27, 2012 at 12:34 PM

Your peein in the wind to try and explain economics to those people that spent fours in the eleventh grade. It just won't sink in. And to common sense who has none.
Posted by: xp3flyboy on Jan 27, 2012 at 12:22 PM

Could you splain that Lucy? The creditors pay for it not you.
Posted by: Anonymous on Jan 27, 2012 at 10:43 AM

I know stepped hulls are produced by several companies. I even own a competitors model. Reggies were the fastest hands down. Hate to see the hull go.
More Stories