Boat Transport Company Irks Customers by Filing Chapter 7 Bankruptcy
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Boat Transport Company Irks Customers by Filing Chapter 7 Bankruptcy

October 31, 2012

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A boat transport company’s decision to file for Chapter 7 bankruptcy after being out of business for weeks has upset a number of customers, according to a recent report from the Tampa Bay Times.

And sources indicate that Able Boat Transport, which has operations in several different states, allegedly received tens of thousands of dollars to move boats they never touched, according to disgruntled customers.

One California couple, for example, claims to have paid $5,000 to have their boat shipped across the country, but the boat remained in place. A man in Nevada claims to have lost $33,000 in his dealings with Able Boat Transport.

To make matters more frustrating, the company has reportedly disconnected its phones, and its website is no longer in service. Of course, these customers will be allowed to make their claims heard in bankruptcy court, so they do have some legal recourse if their claims are true.

The collapse of Able Boat Transport, which was founded in 2007, came as a surprise to customers who had appreciated the company’s work for the past few years.

Before seeking bankruptcy protection, Able Boat Transport acted as a middleman between boat owners and companies that have the physical equipment to move large boats long distances over land.

And the company was once very reliable. According to Jonathon Cherner, a former customer, the company moved his 30-foot boat last year and he was “very pleased with the service.”

This August, however, Cherner claims he sent the company $1,700 for a pickup in October that he fears will never happen. In his words, the company “completely screwed me.

Cherner can take some comfort knowing that the company listed its debt to him in its bankruptcy filing, almost with more than $70,000 in other liabilities that are owed to at least 30 different creditors.

The boat transport company reportedly made $1 million in profits as recently as 2010, but its finances took a mysterious dive in recent months.

And the company claims that in cases where customers sent money and didn’t receive it back, the boats were not the dimensions that were promised.

In such cases, according to the company’s owners, the company still had to pay the truck and driver who were sent to retrieve the boat.


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