
What Happens to Your Boat If the Builder Goes Bankrupt? (ft. Selene)
Buying a new boat or a new build trawler means sending large progress payments to a builder months or years before you take delivery. After the Kadey Krogen bankruptcy left buyers without their boats, we asked Selene Yachts what happens to your money and your boat if a boat builder goes bankrupt. Wayne Goldman and Paul Cifka of Selene Yachts Americas explain the contract protections they offer new-build buyers, from verified milestone payments to a warranty holdback the US team controls. Recorded at the 2026 Annapolis Powerboat Show, this Full Displacement episode follows our conversation with Elizabeth Fortunato about her Kadey Krogen 50 Open, which was completed and fully paid when the brand filed for Chapter 7. ⏯️ WATCH THE EPISODE HERE: https://youtu.be/gArb71v3Q1g Selene stepped forward to answer our questions as buyers may start to double-guess their new-build decision. 🛎️ Subscribe to Current Yachts: https://www.youtube.com/@CurrentYachts?sub_confirmation=1 ⚓️ Work with Current Yachts, learn about buyer representation: https://youtube.currentyachts.com/buy 💭 Who is Current Yachts? We are a different kind of yacht brokerage. We guide buyers and sellers to better decisions with market insights, transparency, and client representation. Our team is present in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist our clients every step of the way. 🎥 Our podcast Full Displacement helps educate yacht sellers and buyers, and shares what is happening in the yacht brokerage market: https://www.youtube.com/playlist?list=PLXcE3-wOQgN8C7VGybRHBjzf9uZsr6tPs ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ 🛥️ Browse our inventory: https://currentyachts.com/boats/
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