Derecktor Shipyards has filed a motion in Federal Bankruptcy Court to hire GlassRatner Advisory and Capital Group to help it explore a restructuring or sale of its Connecticut operation.
New York-based GlassRatner is a specialist in crisis advisory for businesses and has expertise in merging companies out of bankruptcy or helping them craft a reorganization plan.
Derecktor, which at one time employed nearly 300 in Bridgeport at the harbor building yachts, ferries and other boats, filed for Chapter 11 protection in January of this year after the economy and several pending lawsuits cut into its business.
Ownership of Derecktor have said they were looking for a potential investor in the business. Derecktor’s New York shipyard, Robert E. Derecktor Inc, filed Chapter 11 a month later.