Admiralty Holding Company files Bakruptcy

[wreckdiver1715]

Word on the docks is that Admiralty Holding Company has filed bankruptcy. A quick check found that they are indeed insolvent, and all assets of the company have been seized by creditors.
The company's ship, M/V New World Legacy has been seized in Miami by the insurance underwriters, and is being moved to Jupiter.

Tom

 

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[Salvor6]

Old news tom. The anouncement was made on April 12. The two principal creditors, Walter S. Cytacki and G. Howard Collingwood have siezed the ship. Does anyone know if they are still planning to work the 1715 fleet site?

 

[ScottyLee]

I saw the "New World" at the dock in Fort Pierce last week.