Miami marine retailer exits bankruptcyPosted on
Miami-based marine retailer B&F Marine is exiting bankruptcy protection after restructuring its debt.
Family-owned B&F Marine, which once had four stores, now has one location and 13 employees. Its mortgage was split into three loans, with only one requiring monthly payments and the others due at maturity, the South Florida Business Journal reported.
B&F Marine filed for Chapter 11 bankruptcy protection in December 2010. At the time it declared $4.39 million in total assets and $3.07 million in liabilities.
“As difficult as the restructuring has been, our doors remained open throughout as they have since 1961,” B&F Marine president Antonio Veciana Jr. said in a statement.
Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!
Basic subscription: Registered members get free access to 10 premium content stories each month!
Individual subscription: $29 for unlimited site access for one year.
Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.
Corporate subscription: $300 for unlimited site access for all members of a company for one year.
You may close this dialog after seconds.