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44 registered members (MKGrey, Zanshin, duckfat, Matt W, TC42, Instigator, polaris, PML, marisol, Fitzhughlaw, Buddyhog, deliveryskipper, Brad_Va, pbd007, John, SXMScubaman, KirkB, Kevin_B, pandpfromcanada, dolfer, mark37, jbutah, Sunflower, steve74, SURICK, bailau, tmsxmsails, NumberCruncher, ndfaninnc, MNsnowbird, xrayman67, Uksimonusa, 12 invisible),
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Re: Skipjacks
[Re: SXMScubaman]
#252443
04/09/2021 12:23 PM
04/09/2021 12:23 PM
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Joined: Jan 2008
Posts: 515 Eastern Caribbean
Ritchard
Traveler
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Traveler
Joined: Jan 2008
Posts: 515
Eastern Caribbean
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That's good news. It's sad seeing it sit idle every time we're over there.
_______________________
Working hard to be the best yacht bum I can be.
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Re: Skipjacks
[Re: CanuckTravlr]
#252449
04/09/2021 12:46 PM
04/09/2021 12:46 PM
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Joined: Jan 2008
Posts: 515 Eastern Caribbean
Ritchard
Traveler
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Traveler
Joined: Jan 2008
Posts: 515
Eastern Caribbean
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Signage and everything is still in place at the regular location.
_______________________
Working hard to be the best yacht bum I can be.
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Re: Skipjacks
[Re: SXMScubaman]
#252450
04/09/2021 12:52 PM
04/09/2021 12:52 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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I'm surprised, as I thought someone said the business filed bankruptcy? It's good news though, if they are coming back.
Carol Hill
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Re: Skipjacks
[Re: SXMScubaman]
#252477
04/09/2021 08:19 PM
04/09/2021 08:19 PM
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Joined: Mar 2001
Posts: 17,549 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,549
Ohio
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Various types of bankruptcy. What are the different types of bankruptcy on SXM?
J.D.
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Re: Skipjacks
[Re: SXMScubaman]
#252517
04/10/2021 08:55 AM
04/10/2021 08:55 AM
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Joined: Sep 2003
Posts: 18,583 St Maarten
BillandElaine
Traveler
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Traveler
Joined: Sep 2003
Posts: 18,583
St Maarten
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Rumors abound. The one I heard is new owners, new restaurant. Guess we'll wait and see.
Elaine ********************************* God Bless the broken road....
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Re: Skipjacks
[Re: SXMScubaman]
#252577
04/11/2021 07:22 AM
04/11/2021 07:22 AM
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Joined: Mar 2006
Posts: 467
bizzottom
Traveler
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Traveler
Joined: Mar 2006
Posts: 467
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Re: Skipjacks
[Re: PelicanPirate]
#252595
04/11/2021 11:47 AM
04/11/2021 11:47 AM
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Joined: Mar 2017
Posts: 658 Maine
SXMbeacher
Traveler
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Traveler
Joined: Mar 2017
Posts: 658
Maine
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We have been to Skip Jacks once pre Irma. The decor and view where great, the food and service was ok, although i couldn't tell you what we had. The one thing we remember was the noise from the packed house was so loud that we almost could not talk with out yelling, probably due to the fact we were seated right in the middle of the dining room. Glad they are making their way back though.
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Re: Skipjacks
[Re: SXMScubaman]
#252673
04/12/2021 03:37 PM
04/12/2021 03:37 PM
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Joined: Mar 2001
Posts: 17,549 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,549
Ohio
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Good to hear. We arrive May 8 for four weeks and will give it a try or 2 or 3. Various types of bankruptcy. You never did answer the question regarding the various types of bankruptcy on SXM. You refereed to this in an earlier post.
J.D.
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Re: Skipjacks
[Re: SXMScubaman]
#252676
04/12/2021 04:10 PM
04/12/2021 04:10 PM
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Joined: Mar 2001
Posts: 17,549 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,549
Ohio
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I presum they are the same as in the states. Chapter 11 or 7 or just a reorganization. All different levels of bankruptcy. Why would you presume that? Different country, government and laws?
J.D.
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Re: Skipjacks
[Re: SXMScubaman]
#252677
04/12/2021 04:56 PM
04/12/2021 04:56 PM
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Joined: Oct 2013
Posts: 1,656 United States of America
bdeeley
Traveler
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Traveler
Joined: Oct 2013
Posts: 1,656
United States of America
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St Maarten has similar laws as compared to the US Bankruptcy Code Chapter 11 & Chapter 7. In St Maarten, the US Chapter 11 is their version called a Moratorium. The US Chapter 7 is their Bankruptcy. In St Maarten, a Moratorium is a temporary measure that allows the debtor to try and improve their financial position and work through partial or full repayment of their debt to their creditors. If the Moratorium doesn't work than it goes to Bankruptcy and that is similar to the US Chapter 7 which is a liquidation bankruptcy. St Maarten is still governed by the St Maarten Bankruptcy decree of 1931.
Similar, but not exactly the same.
Be Happy! Simply because you deserve to be. 😁
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Re: Skipjacks
[Re: Carol_Hill]
#252691
04/12/2021 06:25 PM
04/12/2021 06:25 PM
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Joined: Oct 2013
Posts: 1,656 United States of America
bdeeley
Traveler
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Traveler
Joined: Oct 2013
Posts: 1,656
United States of America
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I do not. I just know the type of bankruptcy allowed in St Maarten. Everyone is using the word "bankruptcy" to refer to the situation with Skipjacks, and if it was a "bankruptcy" under St Maarten law than it would be a full liquidation of the assets. But, If it was a Moratorium than maybe Skipjacks closed in order to stop hemorrhaging money while the pandemic was going on and used that time and their existing bank liquidity to work out some form of payment scheme with their creditors until they were able to reopen in a more favorable financial climate.
Be Happy! Simply because you deserve to be. 😁
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Re: Skipjacks
[Re: bdeeley]
#252694
04/12/2021 07:19 PM
04/12/2021 07:19 PM
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Joined: Aug 2000
Posts: 82,900 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 82,900
Central Florida!
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OK, thanks. If they reopen as Skipjacks, one would think they did a Moratorium, which would be the equivalent of a Chapter 11 in the US. But who knows..
Carol Hill
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Re: Skipjacks
[Re: Carol_Hill]
#252697
04/12/2021 09:05 PM
04/12/2021 09:05 PM
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Joined: Oct 2013
Posts: 1,656 United States of America
bdeeley
Traveler
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Traveler
Joined: Oct 2013
Posts: 1,656
United States of America
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If it was a true Bankruptcy, the name "Skipjacks" could have been sold as part of the liquidation. I'm sure the name has true value and would have brought real money if sold.
Be Happy! Simply because you deserve to be. 😁
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