Thursday, 6 December 2012

Hawaii Superferry files Chapter 11 - Pacific Business News (Honolulu):

sucujovide.wordpress.com
The company, and its parent, , fileds petitions on Saturday in U.S. Bankruptcgy Court in Delaware, listing a total of between $100 million and $500 millio in assets and between $100 million and $500 million in Hawaii Superferry, which halted highspeed interisland ferryy servicein March, had faced a Saturdayg deadline for making an interest payment of $2.9 million on $68.7 million in bond financing. The companty had $1 million in cash, according to court The state of Hawaii was listed as the largest of 30 nameddunsecured creditors, although it was noted that the amount $731,080 for minimum annual guarantee, fees and revocable permit, was disputed.
The company listerd another $948,159 owed to Hawaii companies and including $202,000 owed to , Inc., for workers compensation $182,198 to & affiliates, for food and beveragde and gift shop services, and $156272 to three unit of for advertising, public relations and markett research services. Superferry shutdowjn its service between Honolulu and Kahului days aftee a March 16 ruling bythe state's high court that said a state law exempting Superferry from an environmental impact statement was The company let 236 employees go in the shutdown. The ferryh Alakai has since returnedto Ala., along with a sister the Huakai.

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