Fb Marine Group

A South Florida yacht and boat dealer joins the industry's wave of bankruptcies. With 2.6 million dollars in debt, a sharp drop in revenue, and pending litigation, the firm has filed for creditor protection.

A sharp decline in boat sales and mounting debt have led the well-known Florida-based FB Marine Group to file for bankruptcy. The retailer, whose vessels have featured in international ad campaigns, reports debts of $2.6 million.