Indiana builder and dealer files for liquidation

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Kentuckiana Yacht Sales, of Jeffersonville, Ind., and its related manufacturing company, Jefferson Yachts Inc., filed for liquidation under Chapter 7 of the bankruptcy code in U.S. Bankruptcy Court in the Southern District of Indiana.

In court documents filed Jan. 23, Kentuckiana Yacht Sales lists about $221,000 in assets and more than $1.75 million in liabilities. Jefferson Yachts lists about $17,000 in assets and more than $570,000 in liabilities.

According to information on its website, Kentuckiana Yacht Sales was founded in 1960 and sold Carver, Jefferson, Marlago, Monticello River and Regal boats, among others.

Jefferson Yachts was founded by Leon Shaw in 1982, according to information on its website, and manufactures boats in five series.

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Comments

8 comments on “Indiana builder and dealer files for liquidation

  1. Randy C

    Where is the goverment at to help good people like KYS. They will be missed by many boaters and friends. God bless gang!!

  2. kyjd75

    The “old era” of boating that we all grew up with and loved is truly over. A Ky/Indiana institution is no more. Hard to believe (from one who grew up in the marine business in Ky).

  3. jim booth

    Leon is a fine gentelaman and I enjoyed doing business with him. What a shame to have this happen. I do which he and his family all the best.
    I support Jefferson Yacht through my selling both new and brokerage boats.

  4. jww2012

    This “fine gentleman” placed an order with my company in November….he had to know then he was going to screw the creditors and not pay at that time.

  5. terrascape

    Yeah, a government program to bail out non-competitive boat builders….that’s really what we need. How about a hell of a lot less government?
    An essential of free enterprise is the market deciding who fails and who prevails. The government intervening (with taxpayer dollars) distorts the natural forces and only forestalls the inevitable.

  6. jeff owner

    I have traveled many rivers as well as completed the Great Loop in my Jefferson. I was looking forward to moving into a Marquessa when the economy got a little better…sometime after the election. It seems a shame the country has money for defunked “green energy” companies, but not for small businesses.

  7. Justin Shaw

    I want to give an update to this article and to anyone who may take the time to read it.

    Kentuckiana Yacht Sales/Jefferson Yachts is now re-opened and being owned and operated by David Shaw, son of Leon Shaw. Our new company title is Kentuckiana Yacht, LLC. We want to thank all of our loyal customers and friends who have kept us going since 1960, the primary reason we decided to re-open.

    To all past, current, and hopefully future Jefferson owners and KYS customers. We still have everything you need for your Jefferson Yacht. Visit us at http://www.kys.com or give us a call at (812) 282-2660

    Many Thanks,
    Justin Shaw
    Sales Consultant
    Jshaw@kys.com

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