Indiana builder and dealer files for liquidation

Posted on 03 February 2012

ShareTweet

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.

Comments

7 Saturday, 04 February 2012 13:11

By 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.

6 Friday, 03 February 2012 23:33

By 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.

5 Friday, 03 February 2012 18:46

By 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.

4 Friday, 03 February 2012 16:29

By 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.

3 Friday, 03 February 2012 15:52

By 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).

2 Friday, 03 February 2012 15:51

By 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!!

1 Friday, 03 February 2012 14:54

By Post Time

The end of an era for boaters in the Louisville, KY area. What a shame to see this happen.

Add your comment

Your name:	Required, screen names acceptable
Your email:	Required, will not be published
Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.:
Word verification:
	Post Preview

yvComment v.1.21.1