What could be problems with buying a new boat made by a manufacturer that filed chapter 13?
First you’d have to do your homework. That means finding out what parts exist on the boat which cannot be replaced due to the manufacturer not existing anymore. Also, you need to check the workmanship of the hull and various upholstery and such. If fiberglass hull, I would ask fiberglass repair shops if and how much does boats from this manufacturer have problems. I would also do a complete inspection of any areas in which holes are drilled into the hull to insure 100% sealed from leaking by silicone or another good sealant. One particular check, take your finger and stick it in the bilge drain plug hole, if you do not feel a sealed tubed hole or feel wood or plywood, do not buy that boat. The transom will rot out on you in 10 years or less. That’s a $1500 to $2000 repair time bomb that will happen. (1 Month ago) When I was speaking to a fiberglass pro I know, I found a 1994 I/O OMC boat in his shop. The engine and sterndrive was removed. Looking at the transom, there were pieces of ro
