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Old 04-10-2020, 07:23 PM   #8
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Join Date: Jan 2016
Location: Ocean City, NJ & Islamorada, Fl
Posts: 179
Re: Playmate Charter Key West

Originally Posted by Spear One View Post
I heard the boat had been sold and that the new owners did not intend to use it for charters.......not verified just what I heard.
Most likely true. If the new owner were to use it as a charter, it would be construed as a fraudulent transfer and unpaid debts could chase him/the boat. That is why a lawyer would structure a sale of the business to require disclosure of debts. But to buy it as "just a boat" is nothing nefarious.
You can't stop stupid; you have to work really hard just to contain it.
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