Derecktor's Mamaroneck yard files for bankruptcy protection
by Malcolm MacLean
On 26 January we reported that Derecktor's yard in Connecticut had filed for Chapter 11 bankruptcy protection and now comes news that the company's Mamaroneck yard in New York is doing the same.
A protracted legal battle with the State of Alaska regarding vendor-related issues unconnected to the yard's workmanship on a project completed in 2005, together with the depressed economy, has put a significant strain on the company's finances.
Robert E. Derecktor, Inc. is seeking to reorganise while continuing to offer the same high quality custom new construction and service offerings for which it has been synonymous for over 65 years. In addition to the 40 boats in winter storage, the yard has several yacht refits and commercial service projects under way, including work on several New York Water Taxi vessels. Derecktor craftsmen are also engaged in off-site millwork projects as well as outfitting the Presto series of sailboats.